In a filing, Cognex Corp revealed 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 -0.97% to $33.64. Over the last five days, the stock has gained 5.55%. Cognex Corp shares have fallen nearly -6.19% since the year began. Nevertheless, the stocks have fallen -17.93% over the past one year. While a 52-week high of $53.13 was reached on 01/21/25, a 52-week low of $31.06 was recorded on 03/04/25. SMA at 50 days reached $36.53, while 200 days put it at $40.59.
Levels Of Support And Resistance For CGNX Stock
The 24-hour chart illustrates a support level at 33.21, which if violated will result in even more drops to 32.77. On the upside, there is a resistance level at 34.20. A further resistance level may holdings at 34.75. The Relative Strength Index (RSI) on the 14-day chart is 44.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.86%. Stochastics %K at 76.40% indicates the stock is a holding.
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.
