The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Coursera Inc shares valued at $218,655 were sold by Ng Andrew Y. on Dec 18 ’24. At $8.75 per share, Ng Andrew Y. sold 25,000 shares. The insider’s holdings dropped to 7,271,671 shares worth approximately $61.74 million following the completion of this transaction.
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Also, Ng Andrew Y. sold 1,000 shares, netting a total of over 8,781 in proceeds. Following the sale of shares at $8.78 each, the insider now holds 7,296,671 shares.
Before that, Ng Andrew Y. had added 26,000 shares to its account. In a trade valued at $225,940, the Director bought Coursera Inc shares for $8.69 each.
As published in their initiating research note from Scotiabank on December 05, 2024, Coursera Inc [COUR] has been a Sector perform and the price target has been revised to $9. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in late November. As of October 25, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for COUR. Earlier on September 19, 2024, BofA Securities initiated its rating. Their recommendation was “a Buy” for COUR stock.
Analyzing COUR Stock Performance
Over the course of the year, Coursera Inc shares have dropped approximately -56.17%. Shares of the company reached a 52-week high of $20.73 on 01/29/24 and a 52-week low of $6.29 on 10/25/24. A 50-day SMA is recorded $7.72, while a 200-day SMA reached $8.72. Nevertheless, trading volume fell to 1.16 million shares from 2.12 million shares the previous day.
Support And Resistance Levels for Coursera Inc (COUR)
According to the 24-hour chart, there is a support level at 8.30, which, if violated, would cause prices to drop to 8.11. In the upper region, resistance lies at 8.60. The next price resistance is at 8.71. RSI (Relative Strength Index) is 58.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 43.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
