Mr. Cooper Group Inc’s filing revealed that its Chief Executive Officer Bray Jesse K unloaded Company’s shares for reported $2.93 million on Dec 02 ’24. In the deal valued at $97.58 per share,30,000 shares were sold. As a result of this transaction, Bray Jesse K now holds 788,821 shares worth roughly $77.49 million.
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Then, Bray Jesse K sold 30,000 shares, generating $2,652,300 in total proceeds. Upon selling the shares at $88.41, the Chief Executive Officer now owns 818,821 shares.
Before that, Bray Jesse K sold 30,000 shares. Mr. Cooper Group Inc shares valued at $2,729,700 were divested by the Chief Executive Officer at a price of $90.99 per share. As a result of the transaction, Bray Jesse K now holds 179,631 shares, worth roughly $17.65 million.
Keefe Bruyette downgraded its Mr. Cooper Group Inc [COOP] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. UBS began covering COOP with “Buy” recommendation on December 06, 2023. Barclays started covering the stock on November 15, 2023. It rated COOP as “an Overweight”.
Price Performance Review of COOP
On Monday, Mr. Cooper Group Inc [NASDAQ:COOP] saw its stock jump 1.44% to $98.23. Over the last five days, the stock has gained 2.43%. Mr. Cooper Group Inc shares have risen nearly 50.84% since the year began. Nevertheless, the stocks have risen 46.18% over the past one year. While a 52-week high of $103.05 was reached on 11/11/24, a 52-week low of $61.38 was recorded on 01/17/24. SMA at 50 days reached $95.31, while 200 days put it at $86.39.
Levels Of Support And Resistance For COOP Stock
The 24-hour chart illustrates a support level at 96.99, which if violated will result in even more drops to 95.75. On the upside, there is a resistance level at 99.04. A further resistance level may holdings at 99.84. The Relative Strength Index (RSI) on the 14-day chart is 56.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.61%. Stochastics %K at 35.93% indicates the stock is a holding.
How much short interest is there in Mr. Cooper Group Inc?
A steep rise in short interest was recorded in Mr. Cooper Group Inc stocks on 2024-11-29, growing by 0.38 million shares to a total of 1.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.42 million shares. There was a rise of 20.89%, which implies that there is a positive sentiment for the stock.
