In a filing, Cognizant Technology Solutions Corp revealed its Chief Executive Officer Singisetti Ravi Kumar unloaded Company’s shares for reported $0.5 million on Aug 06 ’24. In the deal valued at $73.66 per share,6,728 shares were sold. As a result of this transaction, Singisetti Ravi Kumar now holds 46,427 shares worth roughly $3.46 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Singisetti Ravi Kumar bought 6,728 shares, generating $495,557 in total proceeds.
Before that, Diaz Kathryn sold 900 shares. Cognizant Technology Solutions Corp shares valued at $69,350 were divested by the EVP, Chief People Officer at a price of $77.06 per share. As a result of the transaction, Diaz Kathryn now holds 8,312 shares, worth roughly $0.62 million.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early August from “an Underperform” to “a Neutral”. Goldman began covering CTSH with “Neutral” recommendation on June 24, 2024. Susquehanna revised its rating on April 01, 2024. It rated CTSH as “a Neutral” which previously was an “a Positive”.
Price Performance Review of CTSH
On Friday, Cognizant Technology Solutions Corp [NASDAQ:CTSH] saw its stock jump 0.03% to $74.61. Over the last five days, the stock has lost -0.28%. Cognizant Technology Solutions Corp shares have fallen nearly -1.22% since the year began. Nevertheless, the stocks have risen 14.86% over the past one year. While a 52-week high of $80.27 was reached on 08/01/24, a 52-week low of $62.14 was recorded on 06/17/24. SMA at 50 days reached $76.33, while 200 days put it at $73.15.
Levels Of Support And Resistance For CTSH Stock
The 24-hour chart illustrates a support level at 73.51, which if violated will result in even more drops to 72.41. On the upside, there is a resistance level at 75.31. A further resistance level may holdings at 76.01. The Relative Strength Index (RSI) on the 14-day chart is 42.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.64%. Stochastics %K at 13.64% indicates the stock is a buying.
How much short interest is there in Cognizant Technology Solutions Corp?
A steep rise in short interest was recorded in Cognizant Technology Solutions Corp stocks on 2024-10-15, growing by 0.18 million shares to a total of 13.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 13.53 million shares. There was a rise of 1.31%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 19, 2024 when Guggenheim began covering the stock and recommended ‘”a Neutral”‘ rating along with a $80 price target.
