Coherent Corp’s filing revealed that its Chief Innovation Officer Koeppen Christopher unloaded Company’s shares for reported $0.32 million on Dec 16 ’24. In the deal valued at $108.84 per share,2,916 shares were sold. As a result of this transaction, Koeppen Christopher now holds 55,338 shares worth roughly $5.72 million.
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Then, Koeppen Christopher sold 2,248 shares, generating $236,051 in total proceeds. Upon selling the shares at $105.00, the Chief Innovation Officer now owns 58,254 shares.
Before that, CHRISTOPHER KOEPPEN bought 2,916 shares. Coherent Corp shares valued at $317,377 were divested by the Officer at a price of $108.84 per share.
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 Tuesday, Coherent Corp [NYSE:COHR] saw its stock fall -4.23% to $103.29. Over the last five days, the stock has gained 3.07%. Coherent Corp shares have risen nearly 137.28% since the year began. Nevertheless, the stocks have risen 135.61% over the past one year. While a 52-week high of $113.60 was reached on 12/04/24, a 52-week low of $40.12 was recorded on 01/04/24. SMA at 50 days reached $101.24, while 200 days put it at $76.04.
Levels Of Support And Resistance For COHR Stock
The 24-hour chart illustrates a support level at 100.76, which if violated will result in even more drops to 98.23. On the upside, there is a resistance level at 106.29. A further resistance level may holdings at 109.29. The Relative Strength Index (RSI) on the 14-day chart is 50.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.74%. Stochastics %K at 57.77% indicates the stock is a holding.
How much short interest is there in Coherent Corp?
A steep rise in short interest was recorded in Coherent Corp stocks on 2024-11-29, dropping by -0.11 million shares to a total of 5.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.46 million shares. There was a decline of -2.03%, 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.
