The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cogent Communications Holdings Inc shares valued at $1,545,800 were purchased by David Schaeffer on Dec 16 ’24. At $77.29 per share, David Schaeffer acquired 20,000 shares.
Also, KILMER HENRY W sold 4,800 shares, netting a total of over 362,942 in proceeds. Following the sale of shares at $75.61 each, the insider now holds 33,800 shares.
Before that, BUBECK JAMES had sold 1,920 shares from its account. In a trade valued at $147,065, the CHIEF REVENUE OFFICER traded Cogent Communications Holdings Inc shares for $76.60 each. Upon closing the transaction, the insider’s holdings decreased to 1,920 shares, worth approximately $3.59 million.
As published in their initiating research note from UBS on November 14, 2024, Cogent Communications Holdings Inc [CCOI] has been a Buy and the price target has been revised to $102. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late August. As of July 01, 2024, Goldman has initiated its “Neutral” rating for CCOI. Earlier on March 07, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for CCOI stock which previously was a “a Buy”.
Analyzing CCOI Stock Performance
During the last five days, there has been a drop of approximately -11.04%. Over the course of the year, Cogent Communications Holdings Inc shares have dropped approximately -5.98%. Shares of the company reached a 52-week high of $84.06 on 02/19/25 and a 52-week low of $70.80 on 01/13/25. A 50-day SMA is recorded $76.64, while a 200-day SMA reached $71.70.
Support And Resistance Levels for Cogent Communications Holdings Inc (CCOI)
According to the 24-hour chart, there is a support level at 69.35, which, if violated, would cause prices to drop to 66.25. In the upper region, resistance lies at 77.53. The next price resistance is at 82.61. RSI (Relative Strength Index) is 33.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.48, which suggests the price will decrease in the coming days. Percent R is at 91.05%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
