Cognex Corp.’s filing revealed that its SVP, Chief Financial Officer Fehr Dennis acquired Company’s shares for reported $0.25 million on Sep 04 ’24. In the deal valued at $38.04 per share,6,570 shares were bought. As a result of this transaction, Fehr Dennis now holds 6,570 shares worth roughly $0.26 million.
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Then, PARROTTE DIANNE M bought 2,000 shares, generating $77,230 in total proceeds. Upon buying the shares at $38.62, the Director now owns 11,340 shares.
Before that, Kuechen Joerg sold 5,331 shares. Cognex Corp. shares valued at $218,212 were divested by the Chief Technology Officer at a price of $40.93 per share. As a result of the transaction, Kuechen Joerg now holds 2,934 shares, worth roughly $0.11 million.
Stephens upgraded its Cognex Corp. [CGNX] rating to an Overweight from a an Equal-weight in a research note published on October 16, 2024; the price target was increased to $55 from $45. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Buy”‘ rating for it. Vertical Research began covering CGNX with “Buy” recommendation on July 23, 2024. HSBC Securities revised its rating on May 07, 2024. It rated CGNX as “a Buy” which previously was an “a Hold”.
Price Performance Review of CGNX
On Friday, Cognex Corp. [NASDAQ:CGNX] saw its stock jump 0.39% to $38.84. Over the last five days, the stock has lost -4.69%. Cognex Corp. shares have fallen nearly -6.95% since the year began. Nevertheless, the stocks have risen 11.00% over the past one year. While a 52-week high of $53.13 was reached on 07/16/24, a 52-week low of $34.28 was recorded on 02/06/24. SMA at 50 days reached $39.30, while 200 days put it at $41.75.
Levels Of Support And Resistance For CGNX Stock
The 24-hour chart illustrates a support level at 38.59, which if violated will result in even more drops to 38.35. On the upside, there is a resistance level at 39.24. A further resistance level may holdings at 39.65. The Relative Strength Index (RSI) on the 14-day chart is 44.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.23%. Stochastics %K at 24.30% indicates the stock is a holding.
How much short interest is there in Cognex Corp.?
A steep rise in short interest was recorded in Cognex Corp. stocks on 2024-10-15, dropping by -0.38 million shares to a total of 3.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.22 million shares. There was a decline of -9.78%, which implies that there is a negative sentiment for the stock.
