Checking in on Coty Inc. (COTY) after recent insiders movement

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Coty Inc.’s recent filing unveils that its Director Singer Robert S acquired Company’s shares for reported $36743.0 on Sep 06. In the deal valued at $7.35 per share,5,000 shares were bought. As a result of this transaction, Singer Robert S now holds 239,982 shares worth roughly $ 1.66 million.


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Then, Singer Robert S bought 10,000 shares, generating $72,851 in total proceeds. Upon buying the shares at $7.29, the Director now owns 234,982 shares.

Before that, Goudet Olivier bought 100,000 shares. Coty Inc. shares valued at $645,080 were divested by the Director at a price of $6.45 per share. As a result of the transaction, Goudet Olivier now holds 739,129 shares, worth roughly $5.12 million.

Piper Sandler reiterated its Coty Inc. [COTY] rating to a Neutral in a research note published on Friday, September 22, 2022; the price target was $10. PT values the company’s stock at a premium of 30.7 to its Friday closing price. Piper Sandler began covering COTY with “Neutral” recommendation on June 30, 2022. DA Davidson revised its rating on January 21, 2022. It rated COTY as “a Buy” which previously was an “a Neutral”.

Price Performance Review of COTY

On Friday, Coty Inc. [NYSE:COTY] saw its stock jump 6.29% to $6.93. On the same session, the stock had its day’s lowest price of $6.70, but rose to a high of $6.94. Over the last five days, the stock has gained 2.97%. Coty Inc. shares have fallen nearly -34.00% since the year began. Nevertheless, the stocks have fallen -23.00% over the past one year. While a 52-week high of $11.12 was reached on 01/03/22, a 52-week low of $5.90 was recorded on 05/25/22. SMA at 50 days reached $7.05, while 200 days put it at $7.71. A total of 10.56 million shares were traded, compared to the trading of 5.92 million shares in the previous session.

Levels Of Support And Resistance For COTY Stock

The 24-hour chart illustrates a support level at 6.77, which if violated will result in even more drops to 6.62. On the upside, there is a resistance level at 7.01. A further resistance level may holdings at 7.10. The Relative Strength Index (RSI) on the 14-day chart is 53.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.43%. Stochastics %K at 51.28% indicates the stock is a holding.

How much short interest is there in Coty Inc.?

A steep rise in short interest was recorded in Coty Inc. stocks on Jul 14, 2022, dropping by -4.79 million shares to a total of 19.81 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 24.6 million shares. There was a decline of -24.18%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.29% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.39.

Coty Inc. [COTY] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 37,005,085 shares, or roughly 4.41% of the outstanding COTY shares. In other words, the investor’s shares have risen by 2,471,812 from its previous 13-F filing of 34533273.0. Additionally, BlackRock Fund Advisors increased 0.01% of its stake after which the total value it holdings stand at $164,348,598, while ClearBridge Investments LLC added 10.61% of its stake to hold $117.88 million in the firm. At present, BlackRock Investment Management is holding 11,320,407 shares valued at $71.54 million. Point72 Asset Management LP owned 10,400,216 shares of the company at the time of its most recent 13F filing, worth $65.73 million.

According to FactSet, Coty Inc.’s share price will average $10.13 in the next year, based on opinions of analysts polled by the firm. This is up nearly 53.37 percent from its previous closing price of $6.52. Analysts expect Coty Inc. stock to reach the higher price of $15.00, while the lowest price estimate is $7.00. However, 16 analysts have rated COTY stock as an Overweight in their predictions for 2022.

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