In a filing, Mr. Cooper Group Inc revealed its Chief Executive Officer Bray Jesse K unloaded Company’s shares for reported $2.31 million on Aug 29 ’24. In the deal valued at $92.57 per share,25,000 shares were sold. As a result of this transaction, Bray Jesse K now holds 209,631 shares worth roughly $18.22 million.
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Then, Bray Jesse K sold 25,000 shares, generating $2,303,000 in total proceeds. Upon selling the shares at $92.12, the Chief Executive Officer now owns 234,631 shares.
Before that, Jesse K. Bray bought 50,000 shares. Mr. Cooper Group Inc shares valued at $4,750,000 were divested by the Officer at a price of $95.00 per share.
Keefe Bruyette downgraded its Mr. Cooper Group Inc [COOP] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. UBS began covering COOP with “Buy” recommendation on December 06, 2023. Barclays started covering the stock on November 15, 2023. It rated COOP as “an Overweight”.
Price Performance Review of COOP
On Tuesday, Mr. Cooper Group Inc [NASDAQ:COOP] saw its stock fall -1.38% to $86.92. Over the last five days, the stock has lost -5.14%. Mr. Cooper Group Inc shares have risen nearly 33.48% since the year began. Nevertheless, the stocks have risen 61.38% over the past one year. While a 52-week high of $95.74 was reached on 07/25/24, a 52-week low of $52.46 was recorded on 01/17/24. SMA at 50 days reached $87.73, while 200 days put it at $76.81.
Levels Of Support And Resistance For COOP Stock
The 24-hour chart illustrates a support level at 85.09, which if violated will result in even more drops to 83.25. On the upside, there is a resistance level at 88.46. A further resistance level may holdings at 89.99. The Relative Strength Index (RSI) on the 14-day chart is 41.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.59%. Stochastics %K at 9.78% indicates the stock is a buying.
How much short interest is there in Mr. Cooper Group Inc?
A steep rise in short interest was recorded in Mr. Cooper Group Inc stocks on 2024-08-15, growing by 0.27 million shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.19 million shares. There was a rise of 18.7%, which implies that there is a positive sentiment for the stock.
