Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cognizant Technology Solutions Corp. shares valued at $69,350 were sold by Diaz Kathryn on Mar 12 ’24. At $77.06 per share, Diaz Kathryn sold 900 shares. The insider’s holdings dropped to 8,312 shares worth approximately $0.56 million following the completion of this transaction.
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Also, Patsalos-Fox Michael sold 10,000 shares, netting a total of over 767,323 in proceeds. Following the sale of shares at $76.73 each, the insider now holds 54,695 shares.
As published in their initiating research note from Goldman on June 24, 2024, Cognizant Technology Solutions Corp. [CTSH] has been a Neutral and the price target has been revised to $72. Analysts at Susquehanna downgraded the stock from ‘”a Positive”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of March 19, 2024, Guggenheim has initiated its “Neutral” rating for CTSH. Earlier on January 30, 2024, Mizuho initiated its rating. Their recommendation was “a Neutral” for CTSH stock.
Analyzing CTSH Stock Performance
During the last five days, there has been a drop of approximately -0.60%. Over the course of the year, Cognizant Technology Solutions Corp. shares have dropped approximately -10.33%. Shares of the company reached a 52-week high of $80.09 on 02/23/24 and a 52-week low of $63.79 on 06/17/24. A 50-day SMA is recorded $67.13, while a 200-day SMA reached $70.93. Nevertheless, trading volume fell to 8.77 million shares from 4.22 million shares the previous day.
Support And Resistance Levels for Cognizant Technology Solutions Corp. (CTSH)
According to the 24-hour chart, there is a support level at 67.35, which, if violated, would cause prices to drop to 66.96. In the upper region, resistance lies at 68.32. The next price resistance is at 68.90. RSI (Relative Strength Index) is 52.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.40, which suggests the price will increase in the coming days. Percent R is at 33.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
