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A company insider recently sold 54,724 shares of Cooper Companies, Inc. [COO]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cooper Companies, Inc. shares valued at $5,521,230 were sold by Ricupati Agostino on Mar 18 ’24. At $100.89 per share, Ricupati Agostino sold 54,724 shares. The insider’s holdings dropped to 5,081 shares worth approximately $0.46 million following the completion of this transaction.

Also, WEISS ROBERT S sold 88,075 shares, netting a total of over 8,999,732 in proceeds. Following the sale of shares at $102.18 each, the insider now holds 282,772 shares.

Before that, WEISS ROBERT S had sold 153,213 shares from its account. In a trade valued at $15,659,610, the Director traded Cooper Companies, Inc. shares for $102.21 each. Upon closing the transaction, the insider’s holdings decreased to 153,213 shares, worth approximately $25.35 million.

As published in a research note from Redburn Atlantic on March 19, 2024, Cooper Companies, Inc. [COO] has been rated up from a Neutral to a Buy and the price target has been revised to $125. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid March. Earlier on October 30, 2023, BofA Securities initiated its rating. Their recommendation was “a Buy” for COO stock.

Analyzing COO Stock Performance

During the last five days, there has been a drop of approximately -0.60%. Over the course of the year, Cooper Companies, Inc. shares have dropped approximately -5.23%. Shares of the company reached a 52-week high of $104.07 on 03/04/24 and a 52-week low of $88.13 on 04/25/24. A 50-day SMA is recorded $97.00, while a 200-day SMA reached $90.90. Nevertheless, trading volume fell to 0.74 million shares from 0.95 million shares the previous day.

Support And Resistance Levels for Cooper Companies, Inc. (COO)

According to the 24-hour chart, there is a support level at 88.64, which, if violated, would cause prices to drop to 87.61. In the upper region, resistance lies at 90.86. The next price resistance is at 92.05. RSI (Relative Strength Index) is 34.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 80.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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