In a filing, Coty Inc revealed its Director Singer Robert S unloaded Company’s shares for reported $1.13 million on Mar 04 ’24. In the deal valued at $12.56 per share,90,000 shares were sold. As a result of this transaction, Singer Robert S now holds 169,982 shares worth roughly $1.39 million.
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Then, Singer Robert S sold 30,000 shares, generating $380,877 in total proceeds. Upon selling the shares at $12.70, the Director now owns 120,000 shares.
Before that, Singer Robert S sold 20,000 shares. Coty Inc shares valued at $254,364 were divested by the Director at a price of $12.72 per share. As a result of the transaction, Singer Robert S now holds 121,500 shares, worth roughly $0.99 million.
Jefferies upgraded its Coty Inc [COTY] rating to a Buy from a a Hold in a research note published on October 07, 2024; the price target was increased to $12 from $11. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in mid April has reiterated a ‘”a Neutral”‘ rating for it. Canaccord Genuity began covering COTY with “Buy” recommendation on April 15, 2024. TD Cowen revised its rating on February 22, 2024. It rated COTY as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of COTY
On Tuesday, Coty Inc [NYSE:COTY] saw its stock fall -10.80% to $8.18. Over the last five days, the stock has lost -10.31%. Coty Inc shares have fallen nearly -34.14% since the year began. Nevertheless, the stocks have fallen -15.41% over the past one year. While a 52-week high of $13.30 was reached on 02/27/24, a 52-week low of $8.66 was recorded on 10/15/24. SMA at 50 days reached $9.25, while 200 days put it at $10.71.
Levels Of Support And Resistance For COTY Stock
The 24-hour chart illustrates a support level at 7.82, which if violated will result in even more drops to 7.46. On the upside, there is a resistance level at 8.67. A further resistance level may holdings at 9.16. The Relative Strength Index (RSI) on the 14-day chart is 33.16, 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 86.86%. Stochastics %K at 30.33% indicates the stock is a holding.
How much short interest is there in Coty Inc?
A steep rise in short interest was recorded in Coty Inc stocks on 2024-09-30, growing by 2.27 million shares to a total of 15.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.2 million shares. There was a rise of 14.67%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 17, 2023 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $11 price target.
