In a filing, Coty Inc revealed 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 $1.27 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 $0.91 million.
Goldman initiated its Coty Inc [COTY] rating to a Neutral in a research note published on December 13, 2024; the price target was $9. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Hold”. Barclays also remained covering COTY and has decreased its forecast on November 07, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Deutsche Bank maintained its rating on October 16, 2024. It rated COTY as “a Buy”.
Price Performance Review of COTY
On Friday, Coty Inc [NYSE:COTY] saw its stock jump 0.40% to $7.50. Over the last five days, the stock has lost -1.45%. Coty Inc shares have fallen nearly -39.61% since the year began. Nevertheless, the stocks have fallen -38.47% 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 $7.74, while 200 days put it at $9.72.
Levels Of Support And Resistance For COTY Stock
The 24-hour chart illustrates a support level at 7.34, which if violated will result in even more drops to 7.19. On the upside, there is a resistance level at 7.59. A further resistance level may holdings at 7.69. The Relative Strength Index (RSI) on the 14-day chart is 47.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.05%. Stochastics %K at 39.23% indicates the stock is a holding.
How much short interest is there in Coty Inc?
A steep rise in short interest was recorded in Coty Inc stocks on 2024-11-29, growing by 0.74 million shares to a total of 12.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 11.72 million shares. There was a rise of 5.95%, which implies that there is a positive sentiment for the stock.
