While this happened, CIBC upgraded its CGI Inc [GIB] rating to a Sector outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. Jefferies began covering GIB with “Buy” recommendation on July 02, 2024. CIBC revised its rating on June 21, 2024. It rated GIB as “a Neutral” which previously was an “a Sector outperform”.
Price Performance Review of GIB
On Tuesday, CGI Inc [NYSE:GIB] saw its stock jump 1.08% to $107.05. Over the last five days, the stock has gained 1.22%. CGI Inc shares have fallen nearly -2.08% since the year began. Nevertheless, the stocks have risen 3.79% over the past one year. While a 52-week high of $122.79 was reached on 02/13/25, a 52-week low of $92.85 was recorded on 04/07/25. SMA at 50 days reached $104.19, while 200 days put it at $109.99.
Levels Of Support And Resistance For GIB Stock
The 24-hour chart illustrates a support level at 105.72, which if violated will result in even more drops to 104.38. On the upside, there is a resistance level at 107.99. A further resistance level may holdings at 108.93. The Relative Strength Index (RSI) on the 14-day chart is 59.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.67%. Stochastics %K at 86.27% indicates the stock is a selling.
How much short interest is there in CGI Inc?
A steep rise in short interest was recorded in CGI Inc stocks on 2025-04-15, growing by 0.45 million shares to a total of 3.04 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 2.6 million shares. There was a rise of 14.66%, which implies that there is a positive sentiment for the stock.
