Coherent Corp’s recent filing unveils 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 $3.78 million.
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.
A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Rosenblatt revised its rating on October 22, 2024. It rated COHR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of COHR
On Monday, Coherent Corp [NYSE:COHR] saw its stock fall -9.20% to $68.27. Over the last five days, the stock has lost -14.90%. Coherent Corp shares have fallen nearly -27.93% since the year began. Nevertheless, the stocks have risen 17.77% over the past one year. While a 52-week high of $113.60 was reached on 01/22/25, a 52-week low of $48.78 was recorded on 03/03/25. SMA at 50 days reached $91.86, while 200 days put it at $84.42.
Levels Of Support And Resistance For COHR Stock
The 24-hour chart illustrates a support level at 65.07, which if violated will result in even more drops to 61.88. On the upside, there is a resistance level at 74.09. A further resistance level may holdings at 79.92. The Relative Strength Index (RSI) on the 14-day chart is 28.89, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.70%. Stochastics %K at 4.79% indicates the stock is a buying.
