Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cooper Companies, Inc shares valued at $12,710,041 were sold by White Albert G III on Sep 19 ’24. At $110.53 per share, White Albert G III sold 114,992 shares. The insider’s holdings dropped to 165,273 shares worth approximately $16.51 million following the completion of this transaction.
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Also, Albert G. White III purchased 114,992 shares, netting a total of over 12,709,660 in proceeds.
Before that, Ricupati Agostino had sold 1,601 shares from its account. In a trade valued at $172,955, the SVP & CAO traded Cooper Companies, Inc shares for $108.03 each. Upon closing the transaction, the insider’s holdings decreased to 1,601 shares, worth approximately $0.48 million.
As published in a research note from Piper Sandler on August 29, 2024, Cooper Companies, Inc [COO] has been retained to an Overweight and the price target has been revised to $120. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid July. As of March 19, 2024, Redburn Atlantic has increased its “Neutral” rating to a “Buy” for COO. Earlier on March 13, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for COO stock which previously was a “a Neutral”.
Analyzing COO Stock Performance
During the last five days, there has been a surge of approximately 0.05%. Over the course of the year, Cooper Companies, Inc shares have jumped approximately 5.60%. Shares of the company reached a 52-week high of $112.38 on 09/16/24 and a 52-week low of $84.76 on 07/05/24. A 50-day SMA is recorded $106.11, while a 200-day SMA reached $97.72. Nevertheless, trading volume fell to 0.99 million shares from 0.9 million shares the previous day.
Support And Resistance Levels for Cooper Companies, Inc (COO)
According to the 24-hour chart, there is a support level at 98.68, which, if violated, would cause prices to drop to 97.45. In the upper region, resistance lies at 100.59. The next price resistance is at 101.26. RSI (Relative Strength Index) is 34.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.47, which suggests the price will decrease in the coming days. Percent R is at 80.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
