In a filing, Coherent Corp revealed its Board Member HOWARD H XIA acquired Company’s shares for reported $0.22 million on Dec 04 ’24. In the deal valued at $110.72 per share,2,000 shares were bought.
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Then, Koeppen Christopher sold 2,590 shares, generating $277,130 in total proceeds. Upon selling the shares at $107.00, the Chief Innovation Officer now owns 60,502 shares.
Before that, Xia Howard H. sold 2,000 shares. Coherent Corp shares valued at $221,450 were divested by the Director at a price of $110.72 per share. As a result of the transaction, Xia Howard H. now holds 47,747 shares, worth roughly $5.31 million.
Jefferies initiated its Coherent Corp [COHR] rating to a Buy in a research note published on December 04, 2024; the price target was $135. Rosenblatt also remained covering COHR and has decreased its forecast on October 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. B. Riley Securities revised its rating on October 18, 2024. It rated COHR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of COHR
On Friday, Coherent Corp [NYSE:COHR] saw its stock jump 2.37% to $111.24. Over the last five days, the stock has gained 11.06%. Coherent Corp shares have risen nearly 155.55% since the year began. Nevertheless, the stocks have risen 185.30% over the past one year. While a 52-week high of $113.60 was reached on 12/04/24, a 52-week low of $38.77 was recorded on 01/04/24. SMA at 50 days reached $99.52, while 200 days put it at $74.51.
Levels Of Support And Resistance For COHR Stock
The 24-hour chart illustrates a support level at 109.22, which if violated will result in even more drops to 107.21. On the upside, there is a resistance level at 112.80. A further resistance level may holdings at 114.37. The Relative Strength Index (RSI) on the 14-day chart is 61.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.74%. Stochastics %K at 86.09% indicates the stock is a selling.
How much short interest is there in Coherent Corp?
A steep rise in short interest was recorded in Coherent Corp stocks on 2024-11-15, dropping by -0.99 million shares to a total of 5.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.7 million shares. There was a decline of -17.26%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 14, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $120.
