Cognex Corp’s recently made public that its Chief Technology Officer Kuechen Joerg unloaded Company’s shares for reported $0.11 million on Dec 12 ’24. In the deal valued at $37.75 per share,2,934 shares were sold. As a result of this transaction, Kuechen Joerg now holds 0 shares worth roughly $0.0.
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Then, Kuechen Joerg bought 2,934 shares, generating $110,773 in total proceeds.
Before that, SUN ANTHONY sold 26,000 shares. Cognex Corp shares valued at $1,040,671 were divested by the Director at a price of $40.03 per share. As a result of the transaction, SUN ANTHONY now holds 26,608 shares, worth roughly $1.0 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 Monday, Cognex Corp [NASDAQ:CGNX] saw its stock jump 1.05% to $37.47. Over the last five days, the stock has lost -2.32%. Cognex Corp shares have fallen nearly -10.23% since the year began. Nevertheless, the stocks have fallen -11.81% 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 $39.75, while 200 days put it at $42.11.
Levels Of Support And Resistance For CGNX Stock
The 24-hour chart illustrates a support level at 36.98, which if violated will result in even more drops to 36.48. On the upside, there is a resistance level at 37.98. A further resistance level may holdings at 38.48. The Relative Strength Index (RSI) on the 14-day chart is 39.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.94%. Stochastics %K at 10.49% 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 2024-11-29, growing by 0.7 million shares to a total of 3.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.74 million shares. There was a rise of 20.46%, which implies that there is a positive sentiment for the stock.
