Cognex Corp’s recently made public that its Director SUN ANTHONY unloaded Company’s shares for reported $1.04 million on Nov 22 ’24. In the deal valued at $40.03 per share,26,000 shares were sold. As a result of this transaction, SUN ANTHONY now holds 26,608 shares worth roughly $1.0 million.
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Then, SUN ANTHONY bought 26,000 shares, generating $1,040,671 in total proceeds.
Before that, Fehr Dennis bought 6,570 shares. Cognex Corp shares valued at $249,920 were divested by the SVP, Chief Financial Officer at a price of $38.04 per share. As a result of the transaction, Fehr Dennis now holds 6,570 shares, worth roughly $0.25 million.
Truist downgraded its Cognex Corp [CGNX] rating to a Hold from a a Buy in a research note published on November 05, 2024; the price target was decreased to $43 from $46. A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in mid October from “an Equal-weight” to “an Overweight”. Needham also remained covering CGNX and reiterated its “Buy” recommendation on July 29, 2024. Vertical Research started covering the stock on July 23, 2024. It rated CGNX as “a Buy”.
Price Performance Review of CGNX
On Friday, Cognex Corp [NASDAQ:CGNX] saw its stock jump 0.37% to $37.76. Over the last five days, the stock has lost -5.55%. Cognex Corp shares have fallen nearly -9.54% since the year began. Nevertheless, the stocks have fallen -2.00% over the past one year. While a 52-week high of $53.13 was reached on 07/16/24, a 52-week low of $34.79 was recorded on 02/06/24. SMA at 50 days reached $40.01, while 200 days put it at $42.16.
Levels Of Support And Resistance For CGNX Stock
The 24-hour chart illustrates a support level at 37.50, which if violated will result in even more drops to 37.25. On the upside, there is a resistance level at 38.19. A further resistance level may holdings at 38.62. The Relative Strength Index (RSI) on the 14-day chart is 37.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.96%. Stochastics %K at 7.72% indicates the stock is a buying.
How much short interest is there in Cognex Corp?
A steep rise in short interest was recorded in Cognex Corp stocks on 2024-11-15, dropping by -0.48 million shares to a total of 3.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.84 million shares. There was a decline of -14.15%, which implies that there is a negative sentiment for the stock.
