Mr. Cooper Group Inc’s recently made public that its Chief Executive Officer Bray Jesse K unloaded Company’s shares for reported $1.95 million on Mar 28 ’24. In the deal valued at $78.09 per share,25,000 shares were sold. As a result of this transaction, Bray Jesse K now holds 334,631 shares worth roughly $25.81 million.
Then, Bray Jesse K sold 25,000 shares, generating $1,790,250 in total proceeds. Upon selling the shares at $71.61, the Chief Executive Officer now owns 366,051 shares.
Before that, Weinbach Michael S bought 17,000 shares. Mr. Cooper Group Inc shares valued at $1,209,720 were divested by the President at a price of $71.16 per share. As a result of the transaction, Weinbach Michael S now holds 17,000 shares, worth roughly $1.31 million.
Deutsche Bank initiated its Mr. Cooper Group Inc [COOP] rating to a Buy in a research note published on January 10, 2024; the price target was $88. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Barclays began covering COOP with “an Overweight” recommendation on November 15, 2023. Keefe Bruyette revised its rating on October 02, 2023. It rated COOP as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of COOP
On Friday, Mr. Cooper Group Inc [NASDAQ:COOP] saw its stock jump 1.57% to $77.13. Over the last five days, the stock has lost -1.05%. Mr. Cooper Group Inc shares have risen nearly 18.44% since the year began. Nevertheless, the stocks have risen 86.39% over the past one year. While a 52-week high of $78.53 was reached on 03/28/24, a 52-week low of $40.17 was recorded on 01/17/24. SMA at 50 days reached $72.40, while 200 days put it at $61.09. A total of 0.6 million shares were traded, compared to the trading of 0.51 million shares in the previous session.
Levels Of Support And Resistance For COOP Stock
The 24-hour chart illustrates a support level at 75.93, which if violated will result in even more drops to 74.73. On the upside, there is a resistance level at 77.93. A further resistance level may holdings at 78.72. The Relative Strength Index (RSI) on the 14-day chart is 61.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.38%. Stochastics %K at 65.44% 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 Mar 15, 2024, dropping by -0.18 million shares to a total of 1.53 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.71 million shares. There was a decline of -11.76%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.46% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.37.
The most recent change occurred on April 21, 2022 when BTIG Research began covering the stock and recommended ‘”a Neutral”‘ rating .
