EPAM Systems Inc’s recent filing unveils that 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 $303.21 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 $3.04 million.
Morgan Stanley upgraded its EPAM Systems Inc [EPAM] rating to an Equal-weight from a an Underweight in a research note published on April 26, 2024; the price target was decreased to $225 from $236. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Scotiabank also remained covering EPAM and has increased its forecast on February 16, 2024 with a “Sector outperform” recommendation from previously “Sector perform” rating. Mizuho started covering the stock on January 30, 2024. It rated EPAM as “a Buy”.
Price Performance Review of EPAM
On Friday, EPAM Systems Inc [NYSE:EPAM] saw its stock jump 0.26% to $237.75. Over the last five days, the stock has lost -3.34%. EPAM Systems Inc shares have fallen nearly -20.04% since the year began. Nevertheless, the stocks have fallen -13.67% 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 04/26/24. SMA at 50 days reached $281.45, while 200 days put it at $265.13. A total of 0.55 million shares were traded, compared to the trading of 0.81 million shares in the previous session.
Levels Of Support And Resistance For EPAM Stock
The 24-hour chart illustrates a support level at 235.40, which if violated will result in even more drops to 233.06. On the upside, there is a resistance level at 240.04. A further resistance level may holdings at 242.34. The Relative Strength Index (RSI) on the 14-day chart is 23.53, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.02%. Stochastics %K at 5.35% indicates the stock is a buying.
