Cogent Communications Holdings Inc’s filing revealed that its CHIEF REVENUE OFFICER BUBECK JAMES unloaded Company’s shares for reported $0.16 million on Dec 02 ’24. In the deal valued at $81.42 per share,1,920 shares were sold. As a result of this transaction, BUBECK JAMES now holds 51,462 shares worth roughly $4.15 million.
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Then, WEED THADDEUS GERARD sold 4,800 shares, generating $391,584 in total proceeds. Upon selling the shares at $81.58, the VICE PRESIDENT, CFO now owns 88,500 shares.
Before that, WEED THADDEUS GERARD bought 4,800 shares. Cogent Communications Holdings Inc shares valued at $391,584 were divested by the Officer at a price of $81.58 per share.
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 Tuesday, Cogent Communications Holdings Inc [NASDAQ:CCOI] saw its stock fall -3.22% to $80.61. Over the last five days, the stock has lost -2.90%. Cogent Communications Holdings Inc shares have risen nearly 5.98% since the year began. Nevertheless, the stocks have risen 23.16% 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 $80.51, while 200 days put it at $68.92.
Levels Of Support And Resistance For CCOI Stock
The 24-hour chart illustrates a support level at 79.02, which if violated will result in even more drops to 77.43. On the upside, there is a resistance level at 82.95. A further resistance level may holdings at 85.29. The Relative Strength Index (RSI) on the 14-day chart is 47.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.78%. Stochastics %K at 64.31% 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 2024-11-15, dropping by -0.33 million shares to a total of 3.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.15 million shares. There was a decline of -8.67%, which implies that there is a negative sentiment for the stock.
