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Cognizant Technology Solutions Corp. [CTSH] Insider Selling: Time to sell?

Cognizant Technology Solutions Corp.’s filing revealed that its EVP, Chief People Officer Diaz Kathryn unloaded Company’s shares for reported $69350.0 on Mar 12 ’24. In the deal valued at $77.06 per share,900 shares were sold. As a result of this transaction, Diaz Kathryn now holds 8,312 shares worth roughly $0.55 million.

Then, Patsalos-Fox Michael sold 10,000 shares, generating $767,323 in total proceeds. Upon selling the shares at $76.73, the Director now owns 54,695 shares.

Before that, Patsalos-Fox Michael sold 6,926 shares. Cognizant Technology Solutions Corp. shares valued at $434,875 were divested by the Director at a price of $62.79 per share. As a result of the transaction, Patsalos-Fox Michael now holds 64,695 shares, worth roughly $4.3 million.

Susquehanna downgraded its Cognizant Technology Solutions Corp. [CTSH] rating to a Neutral from a a Positive in a research note published on April 01, 2024; the price target was decreased to $80 from $87. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in mid March with a ‘”a Neutral”‘ rating. Mizuho began covering CTSH with “Neutral” recommendation on January 30, 2024. Societe Generale revised its rating on January 05, 2024. It rated CTSH as “a Sell” which previously was an “a Hold”.

Price Performance Review of CTSH

On Monday, Cognizant Technology Solutions Corp. [NASDAQ:CTSH] saw its stock fall -0.61% to $66.53. Over the last five days, the stock has lost -2.45%. Cognizant Technology Solutions Corp. shares have fallen nearly -11.92% since the year began. Nevertheless, the stocks have risen 12.36% over the past one year. While a 52-week high of $80.09 was reached on 02/23/24, a 52-week low of $58.47 was recorded on 04/25/24. SMA at 50 days reached $73.38, while 200 days put it at $71.40. A total of 5.12 million shares were traded, compared to the trading of 2.82 million shares in the previous session.

Levels Of Support And Resistance For CTSH Stock

The 24-hour chart illustrates a support level at 66.06, which if violated will result in even more drops to 65.58. On the upside, there is a resistance level at 67.45. A further resistance level may holdings at 68.36. The Relative Strength Index (RSI) on the 14-day chart is 27.18, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.20%. Stochastics %K at 10.08% indicates the stock is a buying.

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