Cognex Corp’s recently made public that its EVP, Vision & ID Products Gerst Carl unloaded Company’s shares for reported $0.22 million on Feb 24 ’25. In the deal valued at $32.73 per share,6,803 shares were sold. As a result of this transaction, Gerst Carl now holds 4,566 shares worth roughly $0.15 million.
Then, Gerst Carl sold 4,566 shares, generating $150,897 in total proceeds. Upon selling the shares at $33.05, the EVP, Vision & ID Products now owns 0 shares.
Before that, CARL W GERST III bought 11,369 shares. Cognex Corp shares valued at $372,676 were divested by the Officer at a price of $32.78 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 Monday, Cognex Corp [NASDAQ:CGNX] saw its stock fall -2.84% to $31.87. Over the last five days, the stock has lost -2.95%. Cognex Corp shares have fallen nearly -11.13% since the year began. Nevertheless, the stocks have fallen -16.48% over the past one year. While a 52-week high of $53.13 was reached on 01/21/25, a 52-week low of $32.14 was recorded on 03/03/25. SMA at 50 days reached $36.86, while 200 days put it at $40.96.
Levels Of Support And Resistance For CGNX Stock
The 24-hour chart illustrates a support level at 31.34, which if violated will result in even more drops to 30.82. On the upside, there is a resistance level at 32.76. A further resistance level may holdings at 33.66. The Relative Strength Index (RSI) on the 14-day chart is 28.07, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.07%. Stochastics %K at 5.86% 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.
