Coty Inc’s filing revealed that 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 $1.21 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 $0.86 million.
TD Cowen downgraded its Coty Inc [COTY] rating to a Hold from a a Buy in a research note published on November 13, 2024; the price target was decreased to $8.50 from $11. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early November from “an Equal weight” to “an Underweight”. Deutsche Bank also remained covering COTY and reiterated its “Buy” recommendation on October 16, 2024. Jefferies revised its rating on October 07, 2024. It rated COTY as “a Buy” which previously was an “a Hold”.
Price Performance Review of COTY
On Tuesday, Coty Inc [NYSE:COTY] saw its stock jump 0.28% to $7.09. Over the last five days, the stock has lost -5.09%. Coty Inc shares have fallen nearly -42.91% since the year began. Nevertheless, the stocks have fallen -35.90% over the past one year. While a 52-week high of $13.30 was reached on 02/27/24, a 52-week low of $6.93 was recorded on 11/18/24. SMA at 50 days reached $8.31, while 200 days put it at $10.13.
Levels Of Support And Resistance For COTY Stock
The 24-hour chart illustrates a support level at 6.98, which if violated will result in even more drops to 6.88. On the upside, there is a resistance level at 7.16. A further resistance level may holdings at 7.24. The Relative Strength Index (RSI) on the 14-day chart is 34.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.38%. Stochastics %K at 19.10% indicates the stock is a buying.
How much short interest is there in Coty Inc?
A steep rise in short interest was recorded in Coty Inc stocks on 2024-10-31, dropping by -3.75 million shares to a total of 11.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.47 million shares. There was a decline of -31.97%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 16, 2024 when Citigroup resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $12.
