Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cognex Corp shares valued at $110,773 were sold by Kuechen Joerg on Dec 12 ’24. At $37.75 per share, Kuechen Joerg sold 2,934 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Kuechen Joerg purchased 2,934 shares, netting a total of over 110,773 in proceeds.
Before that, SUN ANTHONY had sold 26,000 shares from its account. In a trade valued at $1,040,671, the Director traded Cognex Corp shares for $40.03 each. Upon closing the transaction, the insider’s holdings decreased to 26,000 shares, worth approximately $0.96 million.
As published in a research note from Truist on November 05, 2024, Cognex Corp [CGNX] has been rated down from a Buy to a Hold and the price target has been revised to $43 from $46. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid October. As of July 29, 2024, Needham has reiterated its “Buy” rating for CGNX. Earlier on July 23, 2024, Vertical Research initiated its rating. Their recommendation was “a Buy” for CGNX stock.
Analyzing CGNX Stock Performance
During the last five days, there has been a drop of approximately -4.35%. Over the course of the year, Cognex Corp shares have dropped approximately -13.58%. Shares of the company reached a 52-week high of $53.13 on 07/16/24 and a 52-week low of $34.79 on 02/06/24. A 50-day SMA is recorded $39.55, while a 200-day SMA reached $42.05. Nevertheless, trading volume fell to 2.1 million shares from 2.13 million shares the previous day.
Support And Resistance Levels for Cognex Corp (CGNX)
According to the 24-hour chart, there is a support level at 35.70, which, if violated, would cause prices to drop to 35.34. In the upper region, resistance lies at 36.42. The next price resistance is at 36.78. RSI (Relative Strength Index) is 35.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.64, which suggests the price will decrease in the coming days. Percent R is at 84.89%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
