Cogent Communications Holdings Inc’s filing revealed that its Founder David Schaeffer acquired Company’s shares for reported $4.99 million on Nov 25 ’24. In the deal valued at $83.16 per share,60,000 shares were bought.
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Then, David Blake Bath bought 6,220 shares, generating $521,174 in total proceeds.
Before that, Bath Blake sold 6,220 shares. Cogent Communications Holdings Inc shares valued at $520,565 were divested by the Director at a price of $83.69 per share. As a result of the transaction, Bath Blake now holds 10,000 shares, worth roughly $0.83 million.
UBS initiated its Cogent Communications Holdings Inc [CCOI] rating to a Buy in a research note published on November 14, 2024; the price target was $102. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late August from “a Neutral” to “an Underperform”. Goldman began covering CCOI with “Neutral” recommendation on July 01, 2024. BofA Securities revised its rating on March 07, 2024. It rated CCOI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CCOI
On Monday, Cogent Communications Holdings Inc [NASDAQ:CCOI] saw its stock fall -0.16% to $83.02. Over the last five days, the stock has gained 3.67%. Cogent Communications Holdings Inc shares have risen nearly 9.15% since the year began. Nevertheless, the stocks have risen 25.22% over the past one year. While a 52-week high of $86.76 was reached on 11/07/24, a 52-week low of $50.80 was recorded on 06/11/24. SMA at 50 days reached $79.45, while 200 days put it at $68.76.
Levels Of Support And Resistance For CCOI Stock
The 24-hour chart illustrates a support level at 82.16, which if violated will result in even more drops to 81.30. On the upside, there is a resistance level at 84.53. A further resistance level may holdings at 86.04. The Relative Strength Index (RSI) on the 14-day chart is 57.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.94%. Stochastics %K at 66.95% indicates the stock is a holding.
How much short interest is there in Cogent Communications Holdings Inc?
A steep rise in short interest was recorded in Cogent Communications Holdings Inc stocks on 2024-10-31, dropping by -0.13 million shares to a total of 4.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.2 million shares. There was a decline of -3.2%, which implies that there is a negative sentiment for the stock.
