The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cognex Corp shares valued at $249,920 were purchased by Fehr Dennis on Sep 04 ’24. At $38.04 per share, Fehr Dennis acquired 6,570 shares. The insider’s holdings grew to 6,570 shares worth approximately $0.28 million following the completion of this transaction.
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Also, PARROTTE DIANNE M purchased 2,000 shares, netting a total of over 77,230 in proceeds. Following the buying of shares at $38.62 each, the insider now holds 11,340 shares.
Before that, Kuechen Joerg had sold 5,331 shares from its account. In a trade valued at $218,212, the Chief Technology Officer traded Cognex Corp shares for $40.93 each. Upon closing the transaction, the insider’s holdings decreased to 5,331 shares, worth approximately $0.12 million.
As published in a research note from Truist on November 05, 2024, Cognex Corp [CGNX] has been rated down from a Buy to a Hold and the price target has been revised to $43 from $46. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid October. As of July 29, 2024, Needham has reiterated its “Buy” rating for CGNX. Earlier on July 23, 2024, Vertical Research initiated its rating. Their recommendation was “a Buy” for CGNX stock.
Analyzing CGNX Stock Performance
During the last five days, there has been a surge of approximately 5.29%. Over the course of the year, Cognex Corp shares have jumped approximately 2.06%. Shares of the company reached a 52-week high of $53.13 on 07/16/24 and a 52-week low of $34.79 on 02/06/24. A 50-day SMA is recorded $39.47, while a 200-day SMA reached $41.84. Nevertheless, trading volume fell to 2.17 million shares from 1.12 million shares the previous day.
Support And Resistance Levels for Cognex Corp (CGNX)
According to the 24-hour chart, there is a support level at 41.72, which, if violated, would cause prices to drop to 40.84. In the upper region, resistance lies at 43.16. The next price resistance is at 43.72. RSI (Relative Strength Index) is 64.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.09, which suggests the price will increase in the coming days. Percent R is at 27.24%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
