In a filing, EPAM Systems Inc revealed its CEO, President, Chairman Dobkin Arkadiy unloaded Company’s shares for reported $2.79 million on Mar 15 ’24. In the deal valued at $300.17 per share,9,300 shares were sold. As a result of this transaction, Dobkin Arkadiy now holds 1,275,311 shares worth roughly $319.98 million.
Then, Dobkin Arkadiy sold 18,865 shares, generating $5,693,268 in total proceeds. Upon selling the shares at $301.79, the CEO, President, Chairman now owns 1,223,611 shares.
Before that, Yezhkov Sergey sold 8,000 shares. EPAM Systems Inc shares valued at $2,416,320 were divested by the SVP/Co-Head of Global Business at a price of $302.04 per share. As a result of the transaction, Yezhkov Sergey now holds 12,770 shares, worth roughly $3.2 million.
Guggenheim initiated its EPAM Systems Inc [EPAM] rating to a Buy in a research note published on March 19, 2024; the price target was $350. A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in mid February from “a Sector perform” to “a Sector outperform”. Mizuho began covering EPAM with “Buy” recommendation on January 30, 2024. Morgan Stanley revised its rating on January 24, 2024. It rated EPAM as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of EPAM
On Tuesday, EPAM Systems Inc [NYSE:EPAM] saw its stock fall -1.53% to $250.90. Over the last five days, the stock has lost -8.49%. EPAM Systems Inc shares have fallen nearly -15.62% since the year began. Nevertheless, the stocks have fallen -15.24% over the past one year. While a 52-week high of $317.50 was reached on 03/08/24, a 52-week low of $197.99 was recorded on 04/16/24. SMA at 50 days reached $287.89, while 200 days put it at $264.57. A total of 0.3 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For EPAM Stock
The 24-hour chart illustrates a support level at 248.95, which if violated will result in even more drops to 246.99. On the upside, there is a resistance level at 254.74. A further resistance level may holdings at 258.57. The Relative Strength Index (RSI) on the 14-day chart is 28.06, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.77%. Stochastics %K at 4.33% indicates the stock is a buying.
