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 $3.71 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 jump 4.18% to $66.99. Over the last five days, the stock has gained 6.65%. Coherent Corp shares have fallen nearly -29.28% since the year began. Nevertheless, the stocks have risen 8.45% 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 03/13/25. SMA at 50 days reached $85.54, while 200 days put it at $84.83.
Levels Of Support And Resistance For COHR Stock
The 24-hour chart illustrates a support level at 64.88, which if violated will result in even more drops to 62.78. On the upside, there is a resistance level at 68.30. A further resistance level may holdings at 69.62. The Relative Strength Index (RSI) on the 14-day chart is 39.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.67%. Stochastics %K at 18.93% indicates the stock is a buying.
How much short interest is there in Coherent Corp?
A steep rise in short interest was recorded in Coherent Corp stocks on 2025-02-28, dropping by -0.27 million shares to a total of 5.17 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 5.43 million shares. There was a decline of -5.2%, which implies that there is a negative sentiment for the stock.
