Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cousins Properties Inc shares valued at $205,279 were sold by Roper Pamela F on Sep 12 ’24. At $29.13 per share, Roper Pamela F sold 7,047 shares. The insider’s holdings dropped to 49,322 shares worth approximately $1.5 million following the completion of this transaction.
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Also, Roper Pamela F purchased 7,047 shares, netting a total of over 201,544 in proceeds.
Before that, Symes Jeffrey D had sold 5,997 shares from its account. In a trade valued at $168,696, the SVP, Chief Accounting Officer traded Cousins Properties Inc shares for $28.13 each. Upon closing the transaction, the insider’s holdings decreased to 5,997 shares, worth approximately $0.38 million.
As published in a research note from KeyBanc Capital Markets on December 17, 2024, Cousins Properties Inc [CUZ] has been rated up from a Sector weight to an Overweight and the price target has been revised to $34. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early December. As of August 20, 2024, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for CUZ. Earlier on December 18, 2023, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for CUZ stock which previously was a “a Neutral”.
Analyzing CUZ Stock Performance
During the last five days, there has been a drop of approximately -2.46%. Over the course of the year, Cousins Properties Inc shares have jumped approximately 25.30%. Shares of the company reached a 52-week high of $32.55 on 11/27/24 and a 52-week low of $21.58 on 04/16/24. A 50-day SMA is recorded $30.99, while a 200-day SMA reached $26.59. Nevertheless, trading volume fell to 0.6 million shares from 1.19 million shares the previous day.
Support And Resistance Levels for Cousins Properties Inc (CUZ)
According to the 24-hour chart, there is a support level at 30.19, which, if violated, would cause prices to drop to 29.88. In the upper region, resistance lies at 30.70. The next price resistance is at 30.89. RSI (Relative Strength Index) is 48.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 50.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
