Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Coursera Inc shares valued at $152,907 were sold by Ng Andrew Y. on May 22 ’24. At $8.10 per share, Ng Andrew Y. sold 18,870 shares. The insider’s holdings dropped to 7,032,873 shares worth approximately $55.21 million following the completion of this transaction.
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Also, Ng Andrew Y. sold 3,981 shares, netting a total of over 34,079 in proceeds. Following the sale of shares at $8.56 each, the insider now holds 7,033,074 shares.
Before that, JACQUET RICHARD J had sold 16,453 shares from its account. In a trade valued at $140,880, the SVP, Chief People Officer traded Coursera Inc shares for $8.56 each. Upon closing the transaction, the insider’s holdings decreased to 16,453 shares, worth approximately $1.56 million.
As published in a research note from Telsey Advisory Group on April 30, 2024, Coursera Inc [COUR] has been retained to an Outperform and the price target has been revised to $18. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid January. As of October 12, 2023, BMO Capital Markets has initiated its “an Outperform” rating for COUR. Earlier on July 28, 2023, Cantor Fitzgerald upgraded its rating. Their new recommendation was “an Overweight” for COUR stock which previously was a “a Neutral”.
Analyzing COUR Stock Performance
During the last five days, there has been a drop of approximately -9.87%. Over the course of the year, Coursera Inc shares have dropped approximately -59.47%. Shares of the company reached a 52-week high of $20.73 on 01/29/24 and a 52-week low of $7.79 on 05/23/24. A 50-day SMA is recorded $11.70, while a 200-day SMA reached $16.54. Nevertheless, trading volume fell to 2.06 million shares from 2.01 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 7.74, which, if violated, would cause prices to drop to 7.63. In the upper region, resistance lies at 8.01. The next price resistance is at 8.16. RSI (Relative Strength Index) is 16.50 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.75, which suggests the price will decrease in the coming days. Percent R is at 97.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
