Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. EPAM Systems Inc shares valued at $2,791,581 were sold by Dobkin Arkadiy on Mar 15 ’24. At $300.17 per share, Dobkin Arkadiy sold 9,300 shares. The insider’s holdings dropped to 1,275,311 shares worth approximately $299.67 million following the completion of this transaction.
Also, Dobkin Arkadiy sold 18,865 shares, netting a total of over 5,693,268 in proceeds. Following the sale of shares at $301.79 each, the insider now holds 1,223,611 shares.
Before that, Yezhkov Sergey had sold 8,000 shares from its account. In a trade valued at $2,416,320, the SVP/Co-Head of Global Business traded EPAM Systems Inc shares for $302.04 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $3.0 million.
As published in a research note from Morgan Stanley on April 26, 2024, EPAM Systems Inc [EPAM] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $225 from $236. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of February 16, 2024, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for EPAM. Earlier on January 30, 2024, Mizuho initiated its rating. Their recommendation was “a Buy” for EPAM stock.
Analyzing EPAM Stock Performance
During the last five days, there has been a drop of approximately -4.09%. Over the course of the year, EPAM Systems Inc shares have dropped approximately -20.97%. Shares of the company reached a 52-week high of $317.50 on 03/08/24 and a 52-week low of $232.52 on 05/01/24. A 50-day SMA is recorded $277.42, while a 200-day SMA reached $265.03. Nevertheless, trading volume fell to 0.34 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for EPAM Systems Inc (EPAM)
According to the 24-hour chart, there is a support level at 231.36, which, if violated, would cause prices to drop to 227.73. In the upper region, resistance lies at 239.77. The next price resistance is at 244.55. RSI (Relative Strength Index) is 23.61 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.60, which suggests the price will decrease in the coming days. Percent R is at 92.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
