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Taking a Closer Look At EPAM Systems Inc (EPAM) Following Its Recent Trade

EPAM Systems Inc’s recent filing unveils that its Chief Financial Officer Peterson Jason D. unloaded Company’s shares for reported $0.24 million on Nov 07 ’24. In the deal valued at $237.00 per share,1,000 shares were sold. As a result of this transaction, Peterson Jason D. now holds 24,836 shares worth roughly $6.18 million.

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Then, Peterson Jason D. bought 1,000 shares, generating $237,000 in total proceeds.

Before that, Dobkin Arkadiy sold 9,300 shares. EPAM Systems Inc shares valued at $2,791,581 were divested by the CEO, President, Chairman at a price of $300.17 per share. As a result of the transaction, Dobkin Arkadiy now holds 1,275,311 shares, worth roughly $317.13 million.

Scotiabank upgraded its EPAM Systems Inc [EPAM] rating to a Sector outperform from a a Sector perform in a research note published on November 11, 2024; the price target was increased to $275 from $245. A number of analysts have revised their coverage, including Itau BBA’s analysts, who increased its forecast for the stock in early November from “a Market perform” to “an Outperform”. Deutsche Bank began covering EPAM with “Hold” recommendation on August 22, 2024. Itau BBA revised its rating on August 09, 2024. It rated EPAM as “a Market perform” which previously was an “an Underperform”.

Price Performance Review of EPAM

On Tuesday, EPAM Systems Inc [NYSE:EPAM] saw its stock fall -0.20% to $248.67. Over the last five days, the stock has gained 9.26%. EPAM Systems Inc shares have fallen nearly -16.37% since the year began. Nevertheless, the stocks have fallen -2.64% over the past one year. While a 52-week high of $317.50 was reached on 03/08/24, a 52-week low of $169.43 was recorded on 06/18/24. SMA at 50 days reached $208.35, while 200 days put it at $221.87.

Levels Of Support And Resistance For EPAM Stock

The 24-hour chart illustrates a support level at 244.72, which if violated will result in even more drops to 240.78. On the upside, there is a resistance level at 250.73. A further resistance level may holdings at 252.80. The Relative Strength Index (RSI) on the 14-day chart is 70.56, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.23%. Stochastics %K at 94.34% indicates the stock is a selling.

How much short interest is there in EPAM Systems Inc?

A steep rise in short interest was recorded in EPAM Systems Inc stocks on 2024-11-15, dropping by 6804.0 shares to a total of 0.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.7 million shares. There was a decline of -0.98%, which implies that there is a negative sentiment for the stock.

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