Cognex Corp.’s recent filing unveils that its Chief Technology Officer Kuechen Joerg unloaded Company’s shares for reported $0.22 million on Mar 12 ’24. In the deal valued at $40.93 per share,5,331 shares were sold. As a result of this transaction, Kuechen Joerg now holds 2,934 shares worth roughly $0.12 million.
Then, Gerst Carl sold 6,782 shares, generating $274,923 in total proceeds. Upon selling the shares at $40.54, the EVP, Vision & ID Products now owns 0 shares.
UBS upgraded its Cognex Corp. [CGNX] rating to a Buy from a a Neutral in a research note published on March 19, 2024; the price target was increased to $54 from $42. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Exane BNP Paribas began covering CGNX with “an Outperform” recommendation on October 05, 2023. KeyBanc Capital Markets started covering the stock on October 03, 2023. It rated CGNX as “a Sector weight”.
Price Performance Review of CGNX
On Monday, Cognex Corp. [NASDAQ:CGNX] saw its stock fall -0.72% to $39.96. Over the last five days, the stock has lost -2.49%. Cognex Corp. shares have fallen nearly -4.26% since the year began. Nevertheless, the stocks have fallen -18.71% over the past one year. While a 52-week high of $59.51 was reached on 03/28/24, a 52-week low of $34.28 was recorded on 02/06/24. SMA at 50 days reached $39.72, while 200 days put it at $42.27. A total of 1.06 million shares were traded, compared to the trading of 0.79 million shares in the previous session.
Levels Of Support And Resistance For CGNX Stock
The 24-hour chart illustrates a support level at 39.62, which if violated will result in even more drops to 39.27. On the upside, there is a resistance level at 40.53. A further resistance level may holdings at 41.09. The Relative Strength Index (RSI) on the 14-day chart is 44.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.06%. Stochastics %K at 27.35% indicates the stock is a holding.
The most recent change occurred on August 30, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $52 price target.
