Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Coursera Inc shares valued at $49,964 were sold by Ng Andrew Y. on Sep 18 ’24. At $8.03 per share, Ng Andrew Y. sold 6,221 shares. The insider’s holdings dropped to 7,297,671 shares worth approximately $55.61 million following the completion of this transaction.
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Also, Ng Andrew Y. purchased 6,221 shares, netting a total of over 49,830 in proceeds.
Before that, Ng Andrew Y. had sold 25,000 shares from its account. In a trade valued at $210,067, the Director traded Coursera Inc shares for $8.40 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $54.89 million.
As published in their initiating research note from BofA Securities on September 19, 2024, Coursera Inc [COUR] has been a Buy and the price target has been revised to $11. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late April. As of January 19, 2024, Goldman has decreased its “Neutral” rating to a “Sell” for COUR. Earlier on October 12, 2023, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for COUR stock.
Analyzing COUR Stock Performance
During the last five days, there has been a drop of approximately -4.39%. Over the course of the year, Coursera Inc shares have dropped approximately -60.66%. Shares of the company reached a 52-week high of $20.73 on 01/29/24 and a 52-week low of $6.35 on 06/20/24. A 50-day SMA is recorded $8.11, while a 200-day SMA reached $11.71. Nevertheless, trading volume fell to 1.06 million shares from 1.83 million shares the previous day.
Support And Resistance Levels for Coursera Inc (COUR)
According to the 24-hour chart, there is a support level at 7.50, which, if violated, would cause prices to drop to 7.38. In the upper region, resistance lies at 7.72. The next price resistance is at 7.82. RSI (Relative Strength Index) is 45.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 83.49%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
