Cognex Corp (CGNX) Files Form 4 Insider Selling : Reuben Wasserman Sells 7,500 Shares

Cognex Corp (CGNX): Reuben Wasserman , director of Cognex Corp sold 7,500 shares on May 27, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $43.05 per share for a total value of $322,866.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, Eugene G Banucci (director) purchased 2,000 shares at $38.80 per share price.On Feb 16, 2016, Bruce Robinson J (director) purchased 1,000 shares at $34.19 per share price.Also, On Jun 17, 2015, Jeffrey Benjamin Miller (director) sold 20,000 shares at $49.55 per share price.On Jun 17, 2015, Reuben Wasserman (director) sold 7,500 shares at $49.41 per share price.

Cognex Corporation: On Friday, May 27, 2016 heightened volatility was witnessed in Cognex Corporation which led to swings in the share price. The shares opened for trading at $42.64 and hit $43.09 on the upside , eventually ending the session at $43.02, with a gain of 1.25% or 0.53 points. The heightened volatility saw the trading volume jump to 4,10,946 shares. The 52-week high of the share price is $51.95 and the company has a market cap of $3,659 M . The 52-week low of the share price is at $28.01.

Cognex Corporation Money Flow Index Chart

On May 2, 2016, Cognex Corporation announced a cash dividend of $0.0750. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 17, 2016.

Company has been under the radar of several Street Analysts.Cognex Corporation is Initiated by FBR Capital to Mkt Perform and the brokerage firm has set the Price Target at $42. The Rating was issued on May 11, 2016.Cognex Corporation is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $42 .The Rating was issued on Apr 1, 2016.Cognex Corporation is Downgraded by Credit Agricole to Underperform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Mar 24, 2016.Cognex Corporation is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Mar 11, 2016.

Cognex Corporation is a provider of machine vision products that captures and analyzes visual information in order to automate tasks primarily in manufacturing processes. The Company operates in the modular vision systems division (MVSD). The Company’s products include barcode readers machine vision sensors and machine vision systems that are used in factories warehouses and distribution centers around the world. MVSD develops manufactures and markets modular vision systems and identification (ID) products that are used to automate the manufacture and tracking of discrete items such as cellular phones aspirin bottles and automobile wheels during the manufacturing or distribution process. The Company’s registered marks include Cognex VisionPro In-Sight Checker and DataMan among others.

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Cognex Corporation - Is it time to Sell?

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