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Cooper Companies, Inc. (COO) Becoming More Attractive for Investors

Cooper Companies, Inc.’s recent filing unveils that its SVP & CAO Ricupati Agostino unloaded Company’s shares for reported $0.17 million on Sep 10 ’24. In the deal valued at $108.03 per share,1,601 shares were sold. As a result of this transaction, Ricupati Agostino now holds 4,818 shares worth roughly $0.54 million.

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Then, Agostino Ricupati bought 1,601 shares, generating $172,950 in total proceeds.

Before that, Andrews Brian G sold 24,788 shares. Cooper Companies, Inc. shares valued at $2,625,072 were divested by the EVP, CFO & Treasurer at a price of $105.90 per share. As a result of the transaction, Andrews Brian G now holds 6,614 shares, worth roughly $0.74 million.

Piper Sandler reiterated its Cooper Companies, Inc. [COO] rating to an Overweight in a research note published on August 29, 2024; the price target was $120. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid July from “a Hold” to “a Buy”. Redburn Atlantic also remained covering COO and has increased its forecast on March 19, 2024 with a “Buy” recommendation from previously “Neutral” rating. JP Morgan revised its rating on March 13, 2024. It rated COO as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of COO

On Monday, Cooper Companies, Inc. [NASDAQ:COO] saw its stock jump 0.63% to $111.23. Over the last five days, the stock has gained 2.96%. Cooper Companies, Inc. shares have risen nearly 17.57% since the year began. Nevertheless, the stocks have risen 30.81% over the past one year. While a 52-week high of $110.69 was reached on 09/16/24, a 52-week low of $75.93 was recorded on 07/05/24. SMA at 50 days reached $95.70, while 200 days put it at $94.33.

Levels Of Support And Resistance For COO Stock

The 24-hour chart illustrates a support level at 110.47, which if violated will result in even more drops to 109.71. On the upside, there is a resistance level at 112.18. A further resistance level may holdings at 113.14. The Relative Strength Index (RSI) on the 14-day chart is 84.18, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.27%. Stochastics %K at 96.05% indicates the stock is a selling.

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

A steep rise in short interest was recorded in Cooper Companies, Inc. stocks on 2024-08-30, dropping by -0.22 million shares to a total of 2.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.24 million shares. There was a decline of -10.77%, which implies that there is a negative sentiment for the stock.

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