Cognizant Technology Solutions Corp’s recent filing unveils that its Chief Financial Officer Dalal Jatin P unloaded Company’s shares for reported $0.4 million on Dec 06 ’24. In the deal valued at $81.19 per share,4,900 shares were sold. As a result of this transaction, Dalal Jatin P now holds 12,756 shares worth roughly $1.01 million.
Then, Dalal Jatin P sold 100 shares, generating $8,100 in total proceeds. Upon selling the shares at $81.00, the Chief Financial Officer now owns 12,656 shares.
Before that, Diaz Kathryn sold 3,821 shares. Cognizant Technology Solutions Corp shares valued at $308,871 were divested by the EVP, Chief People Officer at a price of $80.83 per share. As a result of the transaction, Diaz Kathryn now holds 11,293 shares, worth roughly $0.89 million.
Barclays upgraded its Cognizant Technology Solutions Corp [CTSH] rating to an Overweight from a an Equal weight in a research note published on December 17, 2024; the price target was increased to $95 from $80. BofA Securities also remained covering CTSH and has increased its forecast on August 07, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. Goldman started covering the stock on June 24, 2024. It rated CTSH as “a Neutral”.
Price Performance Review of CTSH
On Friday, Cognizant Technology Solutions Corp [NASDAQ:CTSH] saw its stock fall -0.86% to $79.20. Over the last five days, the stock has lost -0.36%. Cognizant Technology Solutions Corp shares have risen nearly 4.86% since the year began. Nevertheless, the stocks have risen 4.76% over the past one year. While a 52-week high of $82.46 was reached on 12/17/24, a 52-week low of $63.79 was recorded on 06/17/24. SMA at 50 days reached $78.74, while 200 days put it at $73.53.
Levels Of Support And Resistance For CTSH Stock
The 24-hour chart illustrates a support level at 78.48, which if violated will result in even more drops to 77.76. On the upside, there is a resistance level at 80.02. A further resistance level may holdings at 80.84. The Relative Strength Index (RSI) on the 14-day chart is 48.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.25%. Stochastics %K at 30.49% indicates the stock is a holding.
How much short interest is there in Cognizant Technology Solutions Corp?
A steep rise in short interest was recorded in Cognizant Technology Solutions Corp stocks on 2024-12-13, growing by 1.91 million shares to a total of 17.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 16.09 million shares. There was a rise of 10.6%, which implies that there is a positive sentiment for the stock.
