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 $2,652,300 were sold by Bray Jesse K on Nov 01 ’24. At $88.41 per share, Bray Jesse K sold 30,000 shares. The insider’s holdings dropped to 818,821 shares worth approximately $80.0 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Bray Jesse K sold 30,000 shares, netting a total of over 2,729,700 in proceeds. Following the sale of shares at $90.99 each, the insider now holds 179,631 shares.
Before that, Jesse K. Bray had added 90,000 shares to its account. In a trade valued at $8,253,900, the Director bought Mr. Cooper Group Inc shares for $91.71 each.
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 surge of approximately 1.28%. Over the course of the year, Mr. Cooper Group Inc shares have jumped approximately 50.03%. Shares of the company reached a 52-week high of $103.05 on 11/11/24 and a 52-week low of $61.38 on 01/17/24. A 50-day SMA is recorded $92.64, while a 200-day SMA reached $83.49. Nevertheless, trading volume fell to 0.63 million shares from 0.56 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 96.26, which, if violated, would cause prices to drop to 94.82. In the upper region, resistance lies at 100.57. The next price resistance is at 103.44. RSI (Relative Strength Index) is 58.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.00, which suggests the price will increase in the coming days. Percent R is at 34.85%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
