Coursera Inc’s filing revealed that its President & CEO Maggioncalda Jeffrey Nacey unloaded Company’s shares for reported $0.6 million on Apr 18 ’24. In the deal valued at $11.91 per share,50,000 shares were sold. As a result of this transaction, Maggioncalda Jeffrey Nacey now holds 2,177,496 shares worth roughly $26.63 million.
Then, Meyers Michele M sold 2,880 shares, generating $34,560 in total proceeds. Upon selling the shares at $12.00, the VP, Accounting, and CAO now owns 240,159 shares.
Before that, Ng Andrew Y. sold 25,000 shares. Coursera Inc shares valued at $298,840 were divested by the Director at a price of $11.95 per share. As a result of the transaction, Ng Andrew Y. now holds 7,033,074 shares, worth roughly $86.01 million.
Goldman downgraded its Coursera Inc [COUR] rating to a Sell from a a Neutral in a research note published on January 19, 2024; the price target was decreased to $14 from $18. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. Cantor Fitzgerald also remained covering COUR and has increased its forecast on July 28, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Truist revised its rating on February 27, 2023. It rated COUR as “a Hold” which previously was an “a Buy”.
Price Performance Review of COUR
On Monday, Coursera Inc [NYSE:COUR] saw its stock jump 2.34% to $12.23. Over the last five days, the stock has lost -1.37%. Coursera Inc shares have fallen nearly -36.86% since the year began. Nevertheless, the stocks have risen 17.71% over the past one year. While a 52-week high of $21.26 was reached on 01/29/24, a 52-week low of $9.91 was recorded on 04/19/24. SMA at 50 days reached $14.65, while 200 days put it at $17.07. A total of 2.06 million shares were traded, compared to the trading of 2.53 million shares in the previous session.
Levels Of Support And Resistance For COUR Stock
The 24-hour chart illustrates a support level at 12.01, which if violated will result in even more drops to 11.80. On the upside, there is a resistance level at 12.40. A further resistance level may holdings at 12.58. The Relative Strength Index (RSI) on the 14-day chart is 27.39, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.04%. Stochastics %K at 11.86% indicates the stock is a buying.
