Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mr. Cooper Group Inc shares valued at $2,834,700 were sold by Bray Jesse K on Jan 02 ’25. At $94.49 per share, Bray Jesse K sold 30,000 shares. The insider’s holdings dropped to 758,821 shares worth approximately $70.98 million following the completion of this transaction.
Also, Jesse K. Bray purchased 120,000 shares, netting a total of over 11,635,200 in proceeds.
Before that, Bray Jesse K had sold 30,000 shares from its account. In a trade valued at $2,927,400, the Chief Executive Officer traded Mr. Cooper Group Inc shares for $97.58 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $73.79 million.
As published in a research note from Keefe Bruyette on July 22, 2024, Mr. Cooper Group Inc [COOP] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $95. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in early January. As of December 06, 2023, UBS has initiated its “Buy” rating for COOP. Earlier on November 15, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for COOP stock.
Analyzing COOP Stock Performance
During the last five days, there has been a drop of approximately -2.57%. Over the course of the year, Mr. Cooper Group Inc shares have dropped approximately -2.57%. Shares of the company reached a 52-week high of $97.22 on 01/02/25 and a 52-week low of $91.39 on 01/08/25. A 50-day SMA is recorded $95.80, while a 200-day SMA reached $87.98. Nevertheless, trading volume fell to 0.47 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Mr. Cooper Group Inc (COOP)
According to the 24-hour chart, there is a support level at 92.09, which, if violated, would cause prices to drop to 90.65. In the upper region, resistance lies at 94.28. The next price resistance is at 95.02. RSI (Relative Strength Index) is 44.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.89, which suggests the price will decrease in the coming days. Percent R is at 74.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
