Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $0.98 million.
As published in their initiating research note from Cantor Fitzgerald on December 20, 2024, Cognex Corp [CGNX] has been an Overweight and the price target has been revised to $49. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of October 16, 2024, Stephens has increased its “an Equal-weight” rating to a “an Overweight” for CGNX. Earlier on July 29, 2024, Needham resumed its rating. Their recommendation was “a Buy” for CGNX stock.
Analyzing CGNX Stock Performance
During the last five days, there has been a surge of approximately 3.73%. Over the course of the year, Cognex Corp shares have dropped approximately -11.50%. 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 $39.30, while a 200-day SMA reached $41.96. Nevertheless, trading volume fell to 0.66 million shares from 0.95 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 36.60, which, if violated, would cause prices to drop to 36.26. In the upper region, resistance lies at 37.15. The next price resistance is at 37.37. RSI (Relative Strength Index) is 43.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 55.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
