Cogent Communications Holdings Inc’s recent filing unveils that its Founder David Schaeffer acquired Company’s shares for reported $1.55 million on Dec 16 ’24. In the deal valued at $77.29 per share,20,000 shares were bought.
Then, KILMER HENRY W sold 4,800 shares, generating $362,942 in total proceeds. Upon selling the shares at $75.61, the VP OF NETWORK STRATEGY now owns 33,800 shares.
Before that, BUBECK JAMES sold 1,920 shares. Cogent Communications Holdings Inc shares valued at $147,065 were divested by the CHIEF REVENUE OFFICER at a price of $76.60 per share. As a result of the transaction, BUBECK JAMES now holds 49,542 shares, worth roughly $3.77 million.
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 Monday, Cogent Communications Holdings Inc [NASDAQ:CCOI] saw its stock fall -1.45% to $76.17. Over the last five days, the stock has lost -0.52%. Cogent Communications Holdings Inc shares have risen nearly 0.14% since the year began. Nevertheless, the stocks have risen 4.73% 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 $80.88, while 200 days put it at $68.84.
Levels Of Support And Resistance For CCOI Stock
The 24-hour chart illustrates a support level at 75.08, which if violated will result in even more drops to 73.99. On the upside, there is a resistance level at 77.26. A further resistance level may holdings at 78.35. The Relative Strength Index (RSI) on the 14-day chart is 38.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.36%. Stochastics %K at 17.28% indicates the stock is a buying.
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 2024-11-29, dropping by -0.27 million shares to a total of 3.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.07 million shares. There was a decline of -7.14%, which implies that there is a negative sentiment for the stock.
