Cousins Properties Inc.’s recently made public that its EVP and CFO ADZEMA GREGG D unloaded Company’s shares for reported $1.66 million on May 02 ’24. In the deal valued at $23.31 per share,71,097 shares were sold. As a result of this transaction, ADZEMA GREGG D now holds 85,872 shares worth roughly $2.05 million.
JP Morgan upgraded its Cousins Properties Inc. [CUZ] rating to an Overweight from a a Neutral in a research note published on December 18, 2023; the price target was increased to $27 from $26. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in mid September from “a Hold” to “a Buy”. KeyBanc Capital Markets began covering CUZ with “an Underweight” recommendation on September 12, 2023. Jefferies started covering the stock on April 20, 2023. It rated CUZ as “a Hold”.
Price Performance Review of CUZ
On Monday, Cousins Properties Inc. [NYSE:CUZ] saw its stock jump 1.75% to $23.85. Over the last five days, the stock has gained 2.45%. Cousins Properties Inc. shares have fallen nearly -2.05% since the year began. Nevertheless, the stocks have risen 15.58% over the past one year. While a 52-week high of $25.19 was reached on 01/02/24, a 52-week low of $17.40 was recorded on 04/16/24. SMA at 50 days reached $23.04, while 200 days put it at $22.21. A total of 0.94 million shares were traded, compared to the trading of 1.27 million shares in the previous session.
Levels Of Support And Resistance For CUZ Stock
The 24-hour chart illustrates a support level at 23.65, which if violated will result in even more drops to 23.44. On the upside, there is a resistance level at 23.98. A further resistance level may holdings at 24.10. The Relative Strength Index (RSI) on the 14-day chart is 60.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.80%. Stochastics %K at 83.54% indicates the stock is a selling.
