Cogent Communications Holdings Inc’s recent filing unveils that its Founder David Schaeffer acquired Company’s shares for reported $3.59 million on Mar 14 ’25. In the deal valued at $68.37 per share,52,500 shares were bought.
Then, FERGUSON Lewis H sold 956 shares, generating $66,313 in total proceeds. Upon selling the shares at $69.36, the Director now owns 18,652 shares.
Before that, Lewis H FERGUSON bought 956 shares. Cogent Communications Holdings Inc shares valued at $66,920 were divested by the Director at a price of $70.00 per share.
UBS initiated its Cogent Communications Holdings Inc [CCOI] rating to a Buy in a research note published on November 14, 2024; the price target was $102. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late August from “a Neutral” to “an Underperform”. Goldman began covering CCOI with “Neutral” recommendation on July 01, 2024. BofA Securities revised its rating on March 07, 2024. It rated CCOI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CCOI
On Tuesday, Cogent Communications Holdings Inc [NASDAQ:CCOI] saw its stock fall -6.25% to $63.89. Over the last five days, the stock has lost -9.18%. Cogent Communications Holdings Inc shares have fallen nearly -17.10% since the year began. Nevertheless, the stocks have risen 1.90% over the past one year. While a 52-week high of $86.76 was reached on 02/19/25, a 52-week low of $50.80 was recorded on 03/25/25. SMA at 50 days reached $74.62, while 200 days put it at $72.69.
Levels Of Support And Resistance For CCOI Stock
The 24-hour chart illustrates a support level at 62.47, which if violated will result in even more drops to 61.04. On the upside, there is a resistance level at 66.71. A further resistance level may holdings at 69.52. The Relative Strength Index (RSI) on the 14-day chart is 26.62, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.66%. Stochastics %K at 9.28% indicates the stock is a buying.
How much short interest is there in Cogent Communications Holdings Inc?
A steep rise in short interest was recorded in Cogent Communications Holdings Inc stocks on 2025-03-14, growing by 64161.0 shares to a total of 3.8 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 3.74 million shares. There was a rise of 1.69%, which implies that there is a positive sentiment for the stock.
