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A company insider recently sold 1,000 shares of EPAM Systems Inc [EPAM]. Should You also Consider to Sale?

EPAM Systems Inc’s recently made public 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 $6.21 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 $318.94 million.

Goldman upgraded its EPAM Systems Inc [EPAM] rating to a Buy from a a Neutral in a research note published on December 06, 2024; the price target was increased to $295 from $235. A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in mid November from “a Sector perform” to “a Sector outperform”. Itau BBA also remained covering EPAM and has increased its forecast on November 08, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Deutsche Bank started covering the stock on August 22, 2024. It rated EPAM as “a Hold”.

Price Performance Review of EPAM

On Tuesday, EPAM Systems Inc [NYSE:EPAM] saw its stock jump 1.17% to $250.09. Over the last five days, the stock has gained 3.98%. EPAM Systems Inc shares have fallen nearly -15.89% since the year began. Nevertheless, the stocks have fallen -6.86% 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 $216.59, while 200 days put it at $219.52.

Levels Of Support And Resistance For EPAM Stock

The 24-hour chart illustrates a support level at 246.47, which if violated will result in even more drops to 242.84. On the upside, there is a resistance level at 252.62. A further resistance level may holdings at 255.14. The Relative Strength Index (RSI) on the 14-day chart is 67.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.84%. Stochastics %K at 81.55% 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 2024-11-29, dropping by -0.12 million shares to a total of 0.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.76 million shares. There was a decline of -18.5%, which implies that there is a negative sentiment for the stock.

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