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. Mr. Cooper Group Inc shares valued at $3,367,200 were sold by Bray Jesse K on Mar 03 ’25. At $112.24 per share, Bray Jesse K sold 30,000 shares. The insider’s holdings dropped to 698,821 shares worth approximately $75.15 million following the completion of this transaction.
Also, Bray Jesse K sold 30,000 shares, netting a total of over 3,078,000 in proceeds. Following the sale of shares at $102.60 each, the insider now holds 728,821 shares.
Before that, Bray Jesse K had sold 30,000 shares from its account. In a trade valued at $2,834,700, the Chief Executive Officer traded Mr. Cooper Group Inc shares for $94.49 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $81.6 million.
As published in their initiating research note from JMP Securities on January 14, 2025, Mr. Cooper Group Inc [COOP] has been a Mkt outperform and the price target has been revised to $115. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late July. As of January 10, 2024, Deutsche Bank has initiated its “Buy” rating for COOP. Earlier on December 06, 2023, UBS initiated its rating. Their recommendation was “a Buy” for COOP stock.
Analyzing COOP Stock Performance
During the last five days, there has been a drop of approximately -3.54%. Over the course of the year, Mr. Cooper Group Inc shares have jumped approximately 12.01%. Shares of the company reached a 52-week high of $114.05 on 03/03/25 and a 52-week low of $89.70 on 01/13/25. A 50-day SMA is recorded $103.02, while a 200-day SMA reached $93.13.
Support And Resistance Levels for Mr. Cooper Group Inc (COOP)
According to the 24-hour chart, there is a support level at 106.51, which, if violated, would cause prices to drop to 105.47. In the upper region, resistance lies at 109.11. The next price resistance is at 110.67. RSI (Relative Strength Index) is 50.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.03, which suggests the price will decrease in the coming days. Percent R is at 85.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
