Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. EPAM Systems Inc shares valued at $2,791,581 were sold by Dobkin Arkadiy on Mar 15 ’24. At $300.17 per share, Dobkin Arkadiy sold 9,300 shares. The insider’s holdings dropped to 1,275,311 shares worth approximately $252.59 million following the completion of this transaction.
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Also, Yezhkov Sergey sold 8,000 shares, netting a total of over 2,416,320 in proceeds. Following the sale of shares at $302.04 each, the insider now holds 12,770 shares.
Before that, Dobkin Arkadiy had sold 18,865 shares from its account. In a trade valued at $5,693,268, the CEO, President, Chairman traded EPAM Systems Inc shares for $301.79 each. Upon closing the transaction, the insider’s holdings decreased to 18,865 shares, worth approximately $242.35 million.
As published in their initiating research note from Deutsche Bank on August 22, 2024, EPAM Systems Inc [EPAM] has been a Hold and the price target has been revised to $204. Analysts at Itau BBA upgraded the stock from ‘”an Underperform”‘ to ‘”a Market perform”‘ outlook in a report released in early August. As of July 16, 2024, Jefferies has increased its “Hold” rating to a “Buy” for EPAM. Earlier on June 24, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for EPAM stock.
Analyzing EPAM Stock Performance
During the last five days, there has been a drop of approximately -2.10%. Over the course of the year, EPAM Systems Inc shares have dropped approximately -33.39%. Shares of the company reached a 52-week high of $317.50 on 03/08/24 and a 52-week low of $169.43 on 06/18/24. A 50-day SMA is recorded $202.92, while a 200-day SMA reached $241.08. Nevertheless, trading volume fell to 0.56 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for EPAM Systems Inc (EPAM)
According to the 24-hour chart, there is a support level at 196.23, which, if violated, would cause prices to drop to 194.40. In the upper region, resistance lies at 200.40. The next price resistance is at 202.74. RSI (Relative Strength Index) is 45.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.16, which suggests the price will decrease in the coming days. Percent R is at 76.96%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
