Cogent Communications Holdings Inc’s recently made public that its CHAIRMAN, CEO, AND PRESIDENT SCHAEFFER DAVE unloaded Company’s shares for reported $3.11 million on Jun 14 ’24. In the deal valued at $51.78 per share,60,000 shares were sold. As a result of this transaction, SCHAEFFER DAVE now holds 4,433,038 shares worth roughly $244.88 million.
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Then, SCHAEFFER DAVE sold 60,000 shares, generating $3,276,000 in total proceeds. Upon selling the shares at $54.60, the CHAIRMAN, CEO, AND PRESIDENT now owns 4,493,038 shares.
Before that, Montagner Marc bought 10,000 shares. Cogent Communications Holdings Inc shares valued at $526,130 were divested by the Director at a price of $52.61 per share. As a result of the transaction, Montagner Marc now holds 79,468 shares, worth roughly $4.39 million.
Goldman initiated its Cogent Communications Holdings Inc [CCOI] rating to a Neutral in a research note published on July 01, 2024; the price target was $56. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early March from “a Buy” to “a Neutral”. Goldman also remained covering CCOI and has increased its forecast on August 21, 2023 with a “Neutral” recommendation from previously “Sell” rating. TD Cowen revised its rating on August 11, 2023. It rated CCOI as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of CCOI
On Monday, Cogent Communications Holdings Inc [NASDAQ:CCOI] saw its stock fall -2.13% to $55.24. Over the last five days, the stock has gained 5.40%. Cogent Communications Holdings Inc shares have fallen nearly -27.37% since the year began. Nevertheless, the stocks have fallen -18.19% over the past one year. While a 52-week high of $86.00 was reached on 02/29/24, a 52-week low of $50.80 was recorded on 06/11/24. SMA at 50 days reached $58.49, while 200 days put it at $66.29. A total of 0.58 million shares were traded, compared to the trading of 1.77 million shares in the previous session.
Levels Of Support And Resistance For CCOI Stock
The 24-hour chart illustrates a support level at 54.37, which if violated will result in even more drops to 53.49. On the upside, there is a resistance level at 56.69. A further resistance level may holdings at 58.14. The Relative Strength Index (RSI) on the 14-day chart is 49.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.38%. Stochastics%K at 73.87% indicates the stock is a holding.
