Cousins Properties Inc.’s recent filing unveils 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 $2.41 million.
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Evercore ISI downgraded its Cousins Properties Inc. [CUZ] rating to an In-line from a an Outperform in a research note published on August 20, 2024; the price target was increased to $29 from $29. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Overweight”. Truist also remained covering CUZ and has increased its forecast on September 15, 2023 with a “Buy” recommendation from previously “Hold” rating. KeyBanc Capital Markets started covering the stock on September 12, 2023. It rated CUZ as “an Underweight”.
Price Performance Review of CUZ
On Tuesday, Cousins Properties Inc. [NYSE:CUZ] saw its stock fall -1.54% to $28.07. Over the last five days, the stock has gained 0.25%. Cousins Properties Inc. shares have risen nearly 15.28% since the year began. Nevertheless, the stocks have risen 19.84% over the past one year. While a 52-week high of $28.57 was reached on 08/30/24, a 52-week low of $17.40 was recorded on 04/16/24. SMA at 50 days reached $25.68, while 200 days put it at $23.65.
Levels Of Support And Resistance For CUZ Stock
The 24-hour chart illustrates a support level at 27.73, which if violated will result in even more drops to 27.39. On the upside, there is a resistance level at 28.43. A further resistance level may holdings at 28.79. The Relative Strength Index (RSI) on the 14-day chart is 63.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.07%. Stochastics %K at 88.25% indicates the stock is a selling.
How much short interest is there in Cousins Properties Inc.?
A steep rise in short interest was recorded in Cousins Properties Inc. stocks on 2024-08-15, dropping by -0.19 million shares to a total of 4.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 4.21 million shares. There was a decline of -4.79%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 20, 2023 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $21 price target.
