Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Coherent Corp shares valued at $317,377 were sold by Koeppen Christopher on Dec 16 ’24. At $108.84 per share, Koeppen Christopher sold 2,916 shares. The insider’s holdings dropped to 55,338 shares worth approximately $4.15 million following the completion of this transaction.
Also, Koeppen Christopher sold 2,248 shares, netting a total of over 236,051 in proceeds. Following the sale of shares at $105.00 each, the insider now holds 58,254 shares.
Before that, CHRISTOPHER KOEPPEN had added 2,916 shares to its account. In a trade valued at $317,377, the Officer bought Coherent Corp shares for $108.84 each.
Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. Earlier on October 22, 2024, Rosenblatt downgraded its rating. Their new recommendation was “a Neutral” for COHR stock which previously was a “a Buy”.
Analyzing COHR Stock Performance
During the last five days, there has been a drop of approximately -13.13%. Over the course of the year, Coherent Corp shares have dropped approximately -20.91%. Shares of the company reached a 52-week high of $110.73 on 01/22/25 and a 52-week low of $74.41 on 02/25/25. A 50-day SMA is recorded $93.28, while a 200-day SMA reached $84.25.
Support And Resistance Levels for Coherent Corp (COHR)
According to the 24-hour chart, there is a support level at 72.44, which, if violated, would cause prices to drop to 69.97. In the upper region, resistance lies at 79.77. The next price resistance is at 84.63. RSI (Relative Strength Index) is 33.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.60, which suggests the price will decrease in the coming days. Percent R is at 98.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
