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Investing in Cooper Companies, Inc (COO) Is Getting More Attractive

Cooper Companies, Inc’s recently made public that its President & CEO White Albert G III unloaded Company’s shares for reported $12.71 million on Sep 19 ’24. In the deal valued at $110.53 per share,114,992 shares were sold. As a result of this transaction, White Albert G III now holds 165,273 shares worth roughly $15.29 million.

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Then, Albert G. White III bought 114,992 shares, generating $12,709,660 in total proceeds.

Before that, Ricupati Agostino sold 1,601 shares. Cooper Companies, Inc shares valued at $172,955 were divested by the SVP & CAO at a price of $108.03 per share. As a result of the transaction, Ricupati Agostino now holds 4,818 shares, worth roughly $0.45 million.

Piper Sandler reiterated its Cooper Companies, Inc [COO] rating to an Overweight in a research note published on August 29, 2024; the price target was $120. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid July from “a Hold” to “a Buy”. Redburn Atlantic also remained covering COO and has increased its forecast on March 19, 2024 with a “Buy” recommendation from previously “Neutral” rating. JP Morgan revised its rating on March 13, 2024. It rated COO as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of COO

On Monday, Cooper Companies, Inc [NASDAQ:COO] saw its stock fall -0.98% to $92.52. Over the last five days, the stock has lost -1.55%. Cooper Companies, Inc shares have fallen nearly -2.21% since the year began. Nevertheless, the stocks have risen 0.44% over the past one year. While a 52-week high of $112.38 was reached on 09/16/24, a 52-week low of $84.76 was recorded on 07/05/24. SMA at 50 days reached $101.98, while 200 days put it at $97.94.

Levels Of Support And Resistance For COO Stock

The 24-hour chart illustrates a support level at 91.81, which if violated will result in even more drops to 91.09. On the upside, there is a resistance level at 93.34. A further resistance level may holdings at 94.15. The Relative Strength Index (RSI) on the 14-day chart is 30.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.56%. Stochastics %K at 9.15% indicates the stock is a buying.

How much short interest is there in Cooper Companies, Inc?

A steep rise in short interest was recorded in Cooper Companies, Inc stocks on 2024-11-15, growing by 0.46 million shares to a total of 2.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.76 million shares. There was a rise of 20.67%, which implies that there is a positive sentiment for the stock.

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