The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Coursera Inc shares valued at $703,205 were sold by Maggioncalda Jeffrey Nacey on Mar 28 ’24. At $14.06 per share, Maggioncalda Jeffrey Nacey sold 50,000 shares. The insider’s holdings dropped to 2,277,496 shares worth approximately $29.86 million following the completion of this transaction.
Also, Belsky Leah F. sold 10,000 shares, netting a total of over 144,589 in proceeds. Following the sale of shares at $14.46 each, the insider now holds 903,282 shares.
Before that, Ng Andrew Y. had sold 25,000 shares from its account. In a trade valued at $361,070, the Director traded Coursera Inc shares for $14.44 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $92.53 million.
As published in a research note from Goldman on January 19, 2024, Coursera Inc [COUR] has been rated down from a Neutral to a Sell and the price target has been revised to $14 from $18. Analysts at BMO Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid October. As of July 28, 2023, Cantor Fitzgerald has increased its “Neutral” rating to a “an Overweight” for COUR. Earlier on February 27, 2023, Truist downgraded its rating. Their new recommendation was “a Hold” for COUR stock which previously was a “a Buy”.
Analyzing COUR Stock Performance
During the last five days, there has been a drop of approximately -3.96%. Over the course of the year, Coursera Inc shares have dropped approximately -32.32%. Shares of the company reached a 52-week high of $20.73 on 01/29/24 and a 52-week low of $13.00 on 04/11/24. A 50-day SMA is recorded $15.49, while a 200-day SMA reached $17.09. Nevertheless, trading volume fell to 2.04 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for Coursera Inc (COUR)
According to the 24-hour chart, there is a support level at 12.98, which, if violated, would cause prices to drop to 12.84. In the upper region, resistance lies at 13.27. The next price resistance is at 13.42. RSI (Relative Strength Index) is 25.60 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 92.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Coursera Inc subject to short interest?
Stocks of Coursera Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.35 million shares to 6.38 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.03 million shares. A jump of 21.16% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.58 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.58.
