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Why Is It Moving? Analyzing The Upward Movement in Cognex's Stock Today

February 12, 2021 9:53 am
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The Price And Volume Action In Cognex's Stock Today

Cognex's (NASDAQ:CGNX) stock has been rising Friday, up 11.27% to a price of $99.99. Friday the stock has been traded at a volume of 185.18 thousand, about 27.41% of its recent 30-day volume average of 675.58 thousand.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Cognex shares are trading higher after the company reported better-than-expected Q4 EPS and sales results and issued Q1 sales guidance above estimates.

Further Analysis of Recent Price Action

The moving average price of the stock over the past 50 days was $82.11 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $90.3 and as low as $35.2.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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