Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cogent Communications Holdings Inc shares valued at $3,589,425 were purchased by David Schaeffer on Mar 14 ’25. At $68.37 per share, David Schaeffer acquired 52,500 shares.
Also, FERGUSON Lewis H sold 956 shares, netting a total of over 66,313 in proceeds. Following the sale of shares at $69.36 each, the insider now holds 18,652 shares.
Before that, Lewis H FERGUSON had added 956 shares to its account. In a trade valued at $66,920, the Director bought Cogent Communications Holdings Inc shares for $70.00 each.
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 surge of approximately 4.86%. Over the course of the year, Cogent Communications Holdings Inc shares have dropped approximately -31.10%. Shares of the company reached a 52-week high of $84.06 on 02/19/25 and a 52-week low of $47.54 on 04/09/25. A 50-day SMA is recorded $68.50, while a 200-day SMA reached $72.96.
Support And Resistance Levels for Cogent Communications Holdings Inc (CCOI)
According to the 24-hour chart, there is a support level at 52.40, which, if violated, would cause prices to drop to 51.71. In the upper region, resistance lies at 53.80. The next price resistance is at 54.51. RSI (Relative Strength Index) is 32.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.34, which suggests the price will decrease in the coming days. Percent R is at 62.20%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
