In a filing, Cognex Corp revealed its Officer CARL W GERST III acquired Company’s shares for reported $0.37 million on Feb 24 ’25. In the deal valued at $32.78 per share,11,369 shares were bought.
Then, Kuechen Joerg sold 2,934 shares, generating $110,773 in total proceeds. Upon selling the shares at $37.75, the Chief Technology Officer now owns 0 shares.
Before that, Kuechen Joerg bought 2,934 shares. Cognex Corp shares valued at $110,773 were divested by the Officer at a price of $37.75 per share.
HSBC Securities downgraded its Cognex Corp [CGNX] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid December with a ‘”an Overweight”‘ rating. Truist also remained covering CGNX and has decreased its forecast on November 05, 2024 with a “Hold” recommendation from previously “Buy” rating. Stephens revised its rating on October 16, 2024. It rated CGNX as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of CGNX
On Friday, Cognex Corp [NASDAQ:CGNX] saw its stock jump 0.18% to $32.84. Over the last five days, the stock has lost -1.08%. Cognex Corp shares have fallen nearly -8.42% since the year began. Nevertheless, the stocks have fallen -17.07% over the past one year. While a 52-week high of $53.13 was reached on 01/21/25, a 52-week low of $32.35 was recorded on 02/24/25. SMA at 50 days reached $37.35, while 200 days put it at $41.31.
Levels Of Support And Resistance For CGNX Stock
The 24-hour chart illustrates a support level at 32.31, which if violated will result in even more drops to 31.78. On the upside, there is a resistance level at 33.20. A further resistance level may holdings at 33.55. The Relative Strength Index (RSI) on the 14-day chart is 29.60, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.09%. Stochastics %K at 8.73% indicates the stock is a buying.
The most recent change occurred on July 29, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $57.
