Investing in Mr. Cooper Group Inc. (COOP) Is Getting More Attractive

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ZOM Stock

Mr. Cooper Group Inc.’s recent filing unveils that its Chief Executive Officer Bray Jesse K unloaded Company’s shares for reported $0.95 million on Jan 30. In the deal valued at $45.11 per share,21,000 shares were sold. As a result of this transaction, Bray Jesse K now holds 673,371 shares worth roughly $ 31.26 million.

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Then, Bray Jesse K sold 21,000 shares, generating $835,380 in total proceeds. Upon selling the shares at $39.78, the Chief Executive Officer now owns 697,291 shares.

Before that, Bray Jesse K sold 21,000 shares. Mr. Cooper Group Inc. shares valued at $929,040 were divested by the Chief Executive Officer at a price of $44.24 per share. As a result of the transaction, Bray Jesse K now holds 718,291 shares, worth roughly $33.35 million.

BTIG Research initiated its Mr. Cooper Group Inc. [COOP] rating to a Neutral in a research note published on Tuesday. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in late April from “an Overweight” to “an Equal weight”. Keefe Bruyette also remained covering COOP and has decreased its forecast on April 06, 2021 with a “Mkt perform” recommendation from previously “an Outperform” rating. Jefferies started covering the stock on December 14, 2020. It rated COOP as “a Hold”.

Price Performance Review of COOP

On Tuesday, Mr. Cooper Group Inc. [NASDAQ:COOP] saw its stock fall -1.07% to $46.43. On the same session, the stock had its day’s lowest price of $46.42, but rose to a high of $47.9275. Over the last five days, the stock has gained 0.87%. Mr. Cooper Group Inc. shares have risen nearly 15.70% since the year began. Nevertheless, the stocks have fallen -9.07% over the past one year. While a 52-week high of $51.48 was reached on 02/02/23, a 52-week low of $35.81 was recorded on 01/03/23. SMA at 50 days reached $44.11, while 200 days put it at $42.64. A total of 0.91 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For COOP Stock

The 24-hour chart illustrates a support level at 45.92, which if violated will result in even more drops to 45.42. On the upside, there is a resistance level at 47.43. A further resistance level may holdings at 48.43. The Relative Strength Index (RSI) on the 14-day chart is 53.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.17%. Stochastics %K at 69.88% indicates the stock is a holding.

How much short interest is there in Mr. Cooper Group Inc.?

A steep rise in short interest was recorded in Mr. Cooper Group Inc. stocks on Jan 12, 2023, growing by 10000.0 shares to a total of 3.2 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 3.19 million shares. There was a rise of 0.31%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.48% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.02.

Mr. Cooper Group Inc. [COOP] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,430,166 shares, or roughly 13.36% of the outstanding COOP shares. In other words, the investor’s shares have fallen by -596,633 from its previous 13-F filing of 10026799.0. Additionally, The Vanguard Group, Inc. decreased -2.05% of its stake after which the total value it holdings stand at $332,883,484. Over the last quarter, Diamond Hill Capital Management, sold -56,035 shares of Mr. Cooper Group Inc., while SSgA Funds Management, Inc. sold -294,605 shares. At present, Dimensional Fund Advisors LP is holding 2,592,674 shares valued at $119.24 million. Wellington Management Co. LLP owned 2,317,802 shares of the company at the time of its most recent 13F filing, worth $106.6 million.

According to FactSet, Mr. Cooper Group Inc.’s share price will average $55.14 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.2 percent from its previous closing price of $46.93. Analysts expect Mr. Cooper Group Inc. stock to reach the higher price of $64.00, while the lowest price estimate is $48.00. However, 8 analysts have rated COOP stock as an Overweight in their predictions for 2023. The most recent change occurred on November 06, 2020 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating.


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