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. Cognex Corp shares valued at $222,630 were sold by Gerst Carl on Feb 24 ’25. At $32.73 per share, Gerst Carl sold 6,803 shares. The insider’s holdings dropped to 4,566 shares worth approximately $0.15 million following the completion of this transaction.
Also, Gerst Carl sold 4,566 shares, netting a total of over 150,897 in proceeds. Following the sale of shares at $33.05 each, the insider now holds 0 shares.
Before that, CARL W GERST III had added 11,369 shares to its account. In a trade valued at $372,676, the Officer bought Cognex Corp shares for $32.78 each.
As published in a research note from HSBC Securities on February 21, 2025, Cognex Corp [CGNX] has been rated down from a Buy to a Hold and the price target has been revised to $33. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid December. As of November 05, 2024, Truist has decreased its “Buy” rating to a “Hold” for CGNX. Earlier on October 16, 2024, Stephens upgraded its rating. Their new recommendation was “an Overweight” for CGNX stock which previously was a “an Equal-weight”.
Analyzing CGNX Stock Performance
During the last five days, there has been a drop of approximately -0.28%. Over the course of the year, Cognex Corp shares have dropped approximately -9.04%. Shares of the company reached a 52-week high of $41.43 on 01/21/25 and a 52-week low of $31.06 on 03/04/25. A 50-day SMA is recorded $36.62, while a 200-day SMA reached $40.74.
Support And Resistance Levels for Cognex Corp (CGNX)
According to the 24-hour chart, there is a support level at 31.75, which, if violated, would cause prices to drop to 30.87. In the upper region, resistance lies at 33.22. The next price resistance is at 33.81. RSI (Relative Strength Index) is 36.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.66, which suggests the price will decrease in the coming days. Percent R is at 46.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
