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. Cogent Communications Holdings Inc shares valued at $521,174 were purchased by David Blake Bath on Nov 21 ’24. At $83.79 per share, David Blake Bath acquired 6,220 shares.
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Also, Bath Blake sold 6,220 shares, netting a total of over 520,565 in proceeds. Following the sale of shares at $83.69 each, the insider now holds 10,000 shares.
Before that, FERGUSON Lewis H had sold 846 shares from its account. In a trade valued at $69,171, the Director traded Cogent Communications Holdings Inc shares for $81.76 each. Upon closing the transaction, the insider’s holdings decreased to 846 shares, worth approximately $1.54 million.
As published in their initiating research note from UBS on November 14, 2024, Cogent Communications Holdings Inc [CCOI] has been a Buy and the price target has been revised to $102. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late August. As of July 01, 2024, Goldman has initiated its “Neutral” rating for CCOI. Earlier on March 07, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for CCOI stock which previously was a “a Buy”.
Analyzing CCOI Stock Performance
During the last five days, there has been a surge of approximately 7.69%. Over the course of the year, Cogent Communications Holdings Inc shares have jumped approximately 10.16%. Shares of the company reached a 52-week high of $86.76 on 11/07/24 and a 52-week low of $50.80 on 06/11/24. A 50-day SMA is recorded $79.00, while a 200-day SMA reached $68.69. Nevertheless, trading volume fell to 0.52 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Cogent Communications Holdings Inc (CCOI)
According to the 24-hour chart, there is a support level at 81.99, which, if violated, would cause prices to drop to 80.18. In the upper region, resistance lies at 84.88. The next price resistance is at 85.96. RSI (Relative Strength Index) is 60.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.48, which suggests the price will decrease in the coming days. Percent R is at 28.54%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
