In a filing, Mr. Cooper Group Inc revealed its Chief Executive Officer Bray Jesse K unloaded Company’s shares for reported $2.73 million on Oct 01 ’24. In the deal valued at $90.99 per share,30,000 shares were sold. As a result of this transaction, Bray Jesse K now holds 179,631 shares worth roughly $16.51 million.
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Then, Jesse K. Bray bought 90,000 shares, generating $8,253,900 in total proceeds.
Before that, Bray Jesse K sold 25,000 shares. Mr. Cooper Group Inc shares valued at $2,314,250 were divested by the Chief Executive Officer at a price of $92.57 per share. As a result of the transaction, Bray Jesse K now holds 209,631 shares, worth roughly $19.27 million.
Keefe Bruyette downgraded its Mr. Cooper Group Inc [COOP] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. UBS began covering COOP with “Buy” recommendation on December 06, 2023. Barclays started covering the stock on November 15, 2023. It rated COOP as “an Overweight”.
Price Performance Review of COOP
On Monday, Mr. Cooper Group Inc [NASDAQ:COOP] saw its stock fall -3.57% to $91.91. Over the last five days, the stock has lost -4.40%. Mr. Cooper Group Inc shares have risen nearly 41.14% since the year began. Nevertheless, the stocks have risen 71.54% over the past one year. While a 52-week high of $97.35 was reached on 10/17/24, a 52-week low of $52.50 was recorded on 01/17/24. SMA at 50 days reached $91.79, while 200 days put it at $81.02.
Levels Of Support And Resistance For COOP Stock
The 24-hour chart illustrates a support level at 90.70, which if violated will result in even more drops to 89.50. On the upside, there is a resistance level at 94.28. A further resistance level may holdings at 96.66. The Relative Strength Index (RSI) on the 14-day chart is 45.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.53%. Stochastics %K at 62.48% indicates the stock is a holding.
How much short interest is there in Mr. Cooper Group Inc?
A steep rise in short interest was recorded in Mr. Cooper Group Inc stocks on 2024-09-30, dropping by 45887.0 shares to a total of 1.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.67 million shares. There was a decline of -2.83%, which implies that there is a negative sentiment for the stock.
