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Recent Insider Activity Suggests Potential Gains for Mr. Cooper Group Inc (COOP)

Mr. Cooper Group Inc’s recently made public that its EVP & CEO-Xome Rawls Michael R unloaded Company’s shares for reported $2.22 million on May 07 ’24. In the deal valued at $82.18 per share,27,000 shares were sold. As a result of this transaction, Rawls Michael R now holds 57,623 shares worth roughly $4.67 million.

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Then, Bray Jesse K sold 25,000 shares, generating $1,969,750 in total proceeds. Upon selling the shares at $78.79, the Chief Executive Officer now owns 309,631 shares.

Before that, Bray Jesse K sold 25,000 shares. Mr. Cooper Group Inc shares valued at $1,952,250 were divested by the Chief Executive Officer at a price of $78.09 per share. As a result of the transaction, Bray Jesse K now holds 334,631 shares, worth roughly $27.1 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 Monday, Mr. Cooper Group Inc [NASDAQ:COOP] saw its stock fall -3.56% to $80.98. Over the last five days, the stock has lost -0.33%. Mr. Cooper Group Inc shares have risen nearly 24.36% since the year began. Nevertheless, the stocks have risen 80.64% over the past one year. While a 52-week high of $84.37 was reached on 05/13/24, a 52-week low of $43.12 was recorded on 01/17/24. SMA at 50 days reached $76.80, while 200 days put it at $64.59. A total of 0.64 million shares were traded, compared to the trading of 0.29 million shares in the previous session.

Levels Of Support And Resistance For COOP Stock

The 24-hour chart illustrates a support level at 79.51, which if violated will result in even more drops to 78.03. On the upside, there is a resistance level at 83.73. A further resistance level may holdings at 86.47. The Relative Strength Index (RSI) on the 14-day chart is 56.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 49.33%. Stochastics %K at 81.46% indicates the stock is a selling.

The most recent change occurred on April 21, 2022 when BTIG Research began covering the stock and recommended ‘”a Neutral”‘ rating.

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