Cognex Corp.’s filing revealed that its Chief Technology Officer Kuechen Joerg unloaded Company’s shares for reported $0.22 million on Mar 12 ’24. In the deal valued at $40.93 per share,5,331 shares were sold. As a result of this transaction, Kuechen Joerg now holds 2,934 shares worth roughly $0.15 million.
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Then, Gerst Carl sold 6,782 shares, generating $274,923 in total proceeds. Upon selling the shares at $40.54, the EVP, Vision & ID Products now owns 0 shares.
Vertical Research initiated its Cognex Corp. [CGNX] rating to a Buy in a research note published on July 23, 2024; the price target was $58. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early May from “a Hold” to “a Buy”. UBS also remained covering CGNX and has increased its forecast on March 19, 2024 with a “Buy” recommendation from previously “Neutral” rating. Truist started covering the stock on March 14, 2024. It rated CGNX as “a Buy”.
Price Performance Review of CGNX
On Friday, Cognex Corp. [NASDAQ:CGNX] saw its stock jump 2.03% to $49.68. Over the last five days, the stock has lost -0.18%. Cognex Corp. shares have risen nearly 19.02% since the year began. Nevertheless, the stocks have fallen -8.63% over the past one year. While a 52-week high of $55.08 was reached on 07/16/24, a 52-week low of $34.28 was recorded on 02/06/24. SMA at 50 days reached $47.44, while 200 days put it at $41.28. A total of 0.81 million shares were traded, compared to the trading of 1.19 million shares in the previous session.
Levels Of Support And Resistance For CGNX Stock
The 24-hour chart illustrates a support level at 49.01, which if violated will result in even more drops to 48.35. On the upside, there is a resistance level at 50.27. A further resistance level may holdings at 50.87. The Relative Strength Index (RSI) on the 14-day chart is 54.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.79%. Stochastics%K at 39.74% indicates the stock is a holding.
The most recent change occurred on October 05, 2023 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating along with a $55 price target.
