Coty Inc’s filing revealed that its Director Singer Robert S unloaded Company’s shares for reported $0.38 million on Mar 06 ’24. In the deal valued at $12.70 per share,30,000 shares were sold. As a result of this transaction, Singer Robert S now holds 120,000 shares worth roughly $1.19 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Singer Robert S sold 20,000 shares, generating $254,364 in total proceeds. Upon selling the shares at $12.72, the Director now owns 121,500 shares.
Before that, Singer Robert S sold 19,982 shares. Coty Inc shares valued at $251,849 were divested by the Director at a price of $12.60 per share. As a result of the transaction, Singer Robert S now holds 150,000 shares, worth roughly $1.48 million.
Citigroup reiterated its Coty Inc [COTY] rating to a Neutral in a research note published on April 16, 2024; the price target was $12. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. TD Cowen also remained covering COTY and has increased its forecast on February 22, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. TD Cowen started covering the stock on October 17, 2023. It rated COTY as “a Market perform”.
Price Performance Review of COTY
On Tuesday, Coty Inc [NYSE:COTY] saw its stock jump 0.41% to $9.88. Over the last five days, the stock has lost -1.30%. Coty Inc shares have fallen nearly -20.45% since the year began. Nevertheless, the stocks have fallen -16.34% over the past one year. While a 52-week high of $13.46 was reached on 02/27/24, a 52-week low of $9.02 was recorded on 06/11/24. SMA at 50 days reached $10.87, while 200 days put it at $11.34. A total of 3.3 million shares were traded, compared to the trading of 4.27 million shares in the previous session.
Levels Of Support And Resistance For COTY Stock
The 24-hour chart illustrates a support level at 9.74, which if violated will result in even more drops to 9.61. On the upside, there is a resistance level at 9.97. A further resistance level may holdings at 10.06. The Relative Strength Index (RSI) on the 14-day chart is 34.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.26%. Stochastics %K at 10.74% indicates the stock is a buying.
The most recent change occurred on October 10, 2023 when Kepler began covering the stock and recommended ‘”a Hold”‘ rating along with a $11.66 price target.
