Coursera Inc’s recent filing unveils that its President & CEO Maggioncalda Jeffrey Nacey unloaded Company’s shares for reported $0.48 million on May 02 ’24. In the deal valued at $9.60 per share,50,000 shares were sold. As a result of this transaction, Maggioncalda Jeffrey Nacey now holds 2,127,496 shares worth roughly $20.38 million.
Then, Maggioncalda Jeffrey Nacey sold 50,000 shares, generating $595,505 in total proceeds. Upon selling the shares at $11.91, the President & CEO now owns 2,177,496 shares.
Before that, Meyers Michele M sold 2,880 shares. Coursera Inc shares valued at $34,560 were divested by the VP, Accounting, and CAO at a price of $12.00 per share. As a result of the transaction, Meyers Michele M now holds 240,159 shares, worth roughly $2.3 million.
Telsey Advisory Group reiterated its Coursera Inc [COUR] rating to an Outperform in a research note published on April 30, 2024; the price target was $18. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid January from “a Neutral” to “a Sell”. BMO Capital Markets began covering COUR with “an Outperform” recommendation on October 12, 2023. Cantor Fitzgerald revised its rating on July 28, 2023. It rated COUR as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of COUR
On Monday, Coursera Inc [NYSE:COUR] saw its stock fall -0.31% to $9.58. Over the last five days, the stock has lost -19.43%. Coursera Inc shares have fallen nearly -50.54% since the year began. Nevertheless, the stocks have fallen -13.69% over the past one year. While a 52-week high of $21.26 was reached on 01/29/24, a 52-week low of $9.46 was recorded on 05/02/24. SMA at 50 days reached $13.44, while 200 days put it at $16.93. A total of 2.43 million shares were traded, compared to the trading of 3.48 million shares in the previous session.
Levels Of Support And Resistance For COUR Stock
The 24-hour chart illustrates a support level at 9.49, which if violated will result in even more drops to 9.39. On the upside, there is a resistance level at 9.75. A further resistance level may holdings at 9.91. The Relative Strength Index (RSI) on the 14-day chart is 15.78, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.88%. Stochastics %K at 3.71% indicates the stock is a buying.
