Coursera Inc’s filing revealed that its Director Ng Andrew Y. unloaded Company’s shares for reported $49964.0 on Sep 18 ’24. In the deal valued at $8.03 per share,6,221 shares were sold. As a result of this transaction, Ng Andrew Y. now holds 7,297,671 shares worth roughly $54.51 million.
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Then, Ng Andrew Y. bought 6,221 shares, generating $49,830 in total proceeds.
Before that, Ng Andrew Y. sold 25,000 shares. Coursera Inc shares valued at $210,067 were divested by the Director at a price of $8.40 per share. As a result of the transaction, Ng Andrew Y. now holds 7,203,892 shares, worth roughly $53.81 million.
BofA Securities initiated its Coursera Inc [COUR] rating to a Buy in a research note published on September 19, 2024; the price target was $11. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late April has reiterated a ‘”an Outperform”‘ rating for it. Goldman also remained covering COUR and has decreased its forecast on January 19, 2024 with a “Sell” recommendation from previously “Neutral” rating. BMO Capital Markets started covering the stock on October 12, 2023. It rated COUR as “an Outperform”.
Price Performance Review of COUR
On Monday, Coursera Inc [NYSE:COUR] saw its stock fall -3.24% to $7.47. Over the last five days, the stock has lost -5.92%. Coursera Inc shares have fallen nearly -61.44% since the year began. Nevertheless, the stocks have fallen -58.57% 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 $8.05, while 200 days put it at $11.58.
Levels Of Support And Resistance For COUR Stock
The 24-hour chart illustrates a support level at 7.30, which if violated will result in even more drops to 7.13. On the upside, there is a resistance level at 7.70. A further resistance level may holdings at 7.93. The Relative Strength Index (RSI) on the 14-day chart is 42.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.99%. Stochastics %K at 17.07% indicates the stock is a buying.
How much short interest is there in Coursera Inc?
A steep rise in short interest was recorded in Coursera Inc stocks on 2024-09-13, dropping by -0.52 million shares to a total of 8.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.79 million shares. There was a decline of -6.23%, which implies that there is a negative sentiment for the stock.
