Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. EPAM Systems Inc shares valued at $1,733,641 were sold by Dvorkin Viktar on Dec 11 ’24. At $256.53 per share, Dvorkin Viktar sold 6,758 shares. The insider’s holdings dropped to 13,000 shares worth approximately $3.11 million following the completion of this transaction.
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Also, Peterson Jason D. sold 464 shares, netting a total of over 119,248 in proceeds. Following the sale of shares at $257.00 each, the insider now holds 24,372 shares.
Before that, Viktar Dvorkin had added 7,000 shares to its account. In a trade valued at $1,785,000, the Officer bought EPAM Systems Inc shares for $255.00 each.
As published in a research note from Barclays on December 17, 2024, EPAM Systems Inc [EPAM] has been rated up from an Equal weight to an Overweight and the price target has been revised to $290 from $250. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early December. As of November 11, 2024, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for EPAM. Earlier on November 08, 2024, Itau BBA upgraded its rating. Their new recommendation was “an Outperform” for EPAM stock which previously was a “a Market perform”.
Analyzing EPAM Stock Performance
During the last five days, there has been a drop of approximately -5.49%. Over the course of the year, EPAM Systems Inc shares have dropped approximately -19.58%. Shares of the company reached a 52-week high of $317.50 on 03/08/24 and a 52-week low of $169.43 on 06/18/24. A 50-day SMA is recorded $222.66, while a 200-day SMA reached $217.72. Nevertheless, trading volume fell to 0.7 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for EPAM Systems Inc (EPAM)
According to the 24-hour chart, there is a support level at 235.47, which, if violated, would cause prices to drop to 231.84. In the upper region, resistance lies at 246.27. The next price resistance is at 253.44. RSI (Relative Strength Index) is 50.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.63, which suggests the price will decrease in the coming days. Percent R is at 99.39%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
