Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mr. Cooper Group Inc shares valued at $2,729,700 were sold by Bray Jesse K on Oct 01 ’24. At $90.99 per share, Bray Jesse K sold 30,000 shares. The insider’s holdings dropped to 179,631 shares worth approximately $15.97 million following the completion of this transaction.
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Also, Jesse K. Bray purchased 90,000 shares, netting a total of over 8,253,900 in proceeds.
Before that, Bray Jesse K had sold 25,000 shares from its account. In a trade valued at $2,314,250, the Chief Executive Officer traded Mr. Cooper Group Inc shares for $92.57 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $18.63 million.
As published in a research note from Keefe Bruyette on July 22, 2024, Mr. Cooper Group Inc [COOP] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $95. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in early January. As of December 06, 2023, UBS has initiated its “Buy” rating for COOP. Earlier on November 15, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for COOP stock.
Analyzing COOP Stock Performance
During the last five days, there has been a drop of approximately -7.68%. Over the course of the year, Mr. Cooper Group Inc shares have jumped approximately 36.49%. Shares of the company reached a 52-week high of $97.35 on 10/17/24 and a 52-week low of $61.38 on 01/17/24. A 50-day SMA is recorded $91.95, while a 200-day SMA reached $81.42. Nevertheless, trading volume fell to 0.85 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Mr. Cooper Group Inc (COOP)
According to the 24-hour chart, there is a support level at 87.64, which, if violated, would cause prices to drop to 86.39. In the upper region, resistance lies at 89.99. The next price resistance is at 91.09. RSI (Relative Strength Index) is 39.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.31, which suggests the price will decrease in the coming days. Percent R is at 66.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
