Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cognizant Technology Solutions Corp shares valued at $404,100 were purchased by JOHN KIM on Dec 03 ’24. At $80.82 per share, JOHN KIM acquired 5,000 shares.
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Also, Singisetti Ravi Kumar sold 6,728 shares, netting a total of over 495,584 in proceeds. Following the sale of shares at $73.66 each, the insider now holds 46,427 shares.
Before that, Singisetti Ravi Kumar had added 6,728 shares to its account. In a trade valued at $495,557, the Officer bought Cognizant Technology Solutions Corp shares for $73.66 each.
Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of June 24, 2024, Goldman has initiated its “Neutral” rating for CTSH. Earlier on April 01, 2024, Susquehanna downgraded its rating. Their new recommendation was “a Neutral” for CTSH stock which previously was a “a Positive”.
Analyzing CTSH Stock Performance
During the last five days, there has been a drop of approximately -0.59%. Over the course of the year, Cognizant Technology Solutions Corp shares have jumped approximately 6.69%. Shares of the company reached a 52-week high of $82.41 on 11/13/24 and a 52-week low of $63.79 on 06/17/24. A 50-day SMA is recorded $77.62, while a 200-day SMA reached $73.38. Nevertheless, trading volume fell to 1.72 million shares from 43987.0 shares the previous day.
Support And Resistance Levels for Cognizant Technology Solutions Corp (CTSH)
According to the 24-hour chart, there is a support level at 80.25, which, if violated, would cause prices to drop to 79.91. In the upper region, resistance lies at 80.87. The next price resistance is at 81.15. RSI (Relative Strength Index) is 57.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.08, which suggests the price will increase in the coming days. Percent R is at 23.77%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
