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Jefferies Upgrades Cooper Companies, Inc. (COO) to a Buy from a Hold

Cooper Companies, Inc.’s recent filing unveils that its SVP & CAO Ricupati Agostino unloaded Company’s shares for reported $5.52 million on Mar 18 ’24. In the deal valued at $100.89 per share,54,724 shares were sold. As a result of this transaction, Ricupati Agostino now holds 5,081 shares worth roughly $0.48 million.

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Then, WEISS ROBERT S sold 153,213 shares, generating $15,659,610 in total proceeds. Upon selling the shares at $102.21, the Director now owns 282,772 shares.

Before that, WEISS ROBERT S sold 88,075 shares. Cooper Companies, Inc. shares valued at $8,999,732 were divested by the Director at a price of $102.18 per share. As a result of the transaction, WEISS ROBERT S now holds 282,772 shares, worth roughly $26.71 million.

Jefferies upgraded its Cooper Companies, Inc. [COO] rating to a Buy from a a Hold in a research note published on July 16, 2024; the price target was increased to $115 from $107. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “a Buy”. JP Morgan also remained covering COO and has increased its forecast on March 13, 2024 with a “an Overweight” recommendation from previously “Neutral” rating.

Price Performance Review of COO

On Monday, Cooper Companies, Inc. [NASDAQ:COO] saw its stock fall -0.18% to $94.45. Over the last five days, the stock has lost -0.81%. Cooper Companies, Inc. shares have fallen nearly -0.17% since the year began. Nevertheless, the stocks have risen 2.16% over the past one year. While a 52-week high of $104.07 was reached on 03/04/24, a 52-week low of $75.93 was recorded on 07/05/24. SMA at 50 days reached $91.03, while 200 days put it at $92.81.

Levels Of Support And Resistance For COO Stock

The 24-hour chart illustrates a support level at 93.82, which if violated will result in even more drops to 93.18. On the upside, there is a resistance level at 95.23. A further resistance level may holdings at 96.01. The Relative Strength Index (RSI) on the 14-day chart is 56.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.86%. Stochastics %K at 66.08% indicates the stock is a holding.

How much short interest is there in Cooper Companies, Inc.?

A steep rise in short interest was recorded in Cooper Companies, Inc. stocks on 2024-07-31, dropping by -0.56 million shares to a total of 2.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.8 million shares. There was a decline of -25.19%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on October 30, 2023 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $380 price target.

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