Coursera Inc’s recent filing unveils that its Director Ng Andrew Y. unloaded Company’s shares for reported $0.21 million on Aug 21 ’24. In the deal valued at $8.40 per share,25,000 shares were sold. As a result of this transaction, Ng Andrew Y. now holds 7,203,892 shares worth roughly $56.69 million.
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Then, Clark Amanda sold 1,562 shares, generating $12,857 in total proceeds. Upon selling the shares at $8.23, the Director now owns 74,704 shares.
Before that, Cardenas Alan B sold 6,285 shares. Coursera Inc shares valued at $52,007 were divested by the SVP, General Counsel at a price of $8.27 per share. As a result of the transaction, Cardenas Alan B now holds 207,434 shares, worth roughly $1.63 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 Tuesday, Coursera Inc [NYSE:COUR] saw its stock fall -2.84% to $7.87. Over the last five days, the stock has lost -5.75%. Coursera Inc shares have fallen nearly -59.37% since the year began. Nevertheless, the stocks have fallen -54.74% over the past one year. While a 52-week high of $21.26 was reached on 01/29/24, a 52-week low of $6.35 was recorded on 06/20/24. SMA at 50 days reached $7.80, while 200 days put it at $13.06.
Levels Of Support And Resistance For COUR Stock
The 24-hour chart illustrates a support level at 7.79, which if violated will result in even more drops to 7.71. On the upside, there is a resistance level at 8.02. A further resistance level may holdings at 8.17. The Relative Strength Index (RSI) on the 14-day chart is 46.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.08%. Stochastics %K at 33.33% indicates the stock is a holding.
How much short interest is there in Coursera Inc?
A steep rise in short interest was recorded in Coursera Inc stocks on 2024-08-15, dropping by -4.24 million shares to a total of 8.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 13.03 million shares. There was a decline of -48.23%, which implies that there is a negative sentiment for the stock.
