In a filing, Coherent Corp revealed its Officer CHRISTOPHER KOEPPEN acquired Company’s shares for reported $0.2 million on Nov 15 ’24. In the deal valued at $100.01 per share,2,000 shares were bought.
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Then, CHRISTOPHER KOEPPEN bought 4,176 shares, generating $430,880 in total proceeds.
Before that, Patrick Elizabeth sold 5,542 shares. Coherent Corp shares valued at $579,910 were divested by the Director at a price of $104.64 per share. As a result of the transaction, Patrick Elizabeth now holds 2,831 shares, worth roughly $0.27 million.
Rosenblatt downgraded its Coherent Corp [COHR] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Neutral”. Needham also remained covering COHR and reiterated its “Buy” recommendation on October 14, 2024. Susquehanna revised its rating on October 01, 2024. It rated COHR as “a Positive” which previously was an “a Neutral”.
Price Performance Review of COHR
On Friday, Coherent Corp [NYSE:COHR] saw its stock fall -4.90% to $95.11. Over the last five days, the stock has lost -13.55%. Coherent Corp shares have risen nearly 118.49% since the year began. Nevertheless, the stocks have risen 163.46% over the past one year. While a 52-week high of $111.66 was reached on 11/08/24, a 52-week low of $34.95 was recorded on 01/04/24. SMA at 50 days reached $93.20, while 200 days put it at $71.34.
Levels Of Support And Resistance For COHR Stock
The 24-hour chart illustrates a support level at 91.64, which if violated will result in even more drops to 88.17. On the upside, there is a resistance level at 98.79. A further resistance level may holdings at 102.47. The Relative Strength Index (RSI) on the 14-day chart is 45.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.36%. Stochastics %K at 40.62% indicates the stock is a holding.
How much short interest is there in Coherent Corp?
A steep rise in short interest was recorded in Coherent Corp stocks on 2024-10-31, dropping by -1.28 million shares to a total of 5.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.74 million shares. There was a decline of -23.46%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 16, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $84.
