The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cooper Companies, Inc. shares valued at $172,955 were sold by Ricupati Agostino on Sep 10 ’24. At $108.03 per share, Ricupati Agostino sold 1,601 shares. The insider’s holdings dropped to 4,818 shares worth approximately $0.53 million following the completion of this transaction.
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
Also, Agostino Ricupati purchased 1,601 shares, netting a total of over 172,950 in proceeds.
Before that, Andrews Brian G had sold 24,788 shares from its account. In a trade valued at $2,625,072, the EVP, CFO & Treasurer traded Cooper Companies, Inc. shares for $105.90 each. Upon closing the transaction, the insider’s holdings decreased to 24,788 shares, worth approximately $0.73 million.
As published in a research note from Piper Sandler on August 29, 2024, Cooper Companies, Inc. [COO] has been retained to an Overweight and the price target has been revised to $120. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid July. As of March 19, 2024, Redburn Atlantic has increased its “Neutral” rating to a “Buy” for COO. Earlier on March 13, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for COO stock which previously was a “a Neutral”.
Analyzing COO Stock Performance
During the last five days, there has been a surge of approximately 1.86%. Over the course of the year, Cooper Companies, Inc. shares have jumped approximately 16.83%. Shares of the company reached a 52-week high of $112.38 on 09/16/24 and a 52-week low of $84.76 on 07/05/24. A 50-day SMA is recorded $96.68, while a 200-day SMA reached $94.60. Nevertheless, trading volume fell to 0.9 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Cooper Companies, Inc. (COO)
According to the 24-hour chart, there is a support level at 109.35, which, if violated, would cause prices to drop to 108.18. In the upper region, resistance lies at 111.83. The next price resistance is at 113.14. RSI (Relative Strength Index) is 77.47 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.53, which suggests the price will increase in the coming days. Percent R is at 15.86%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
#####
#####
