In a filing, Coherent Corp revealed 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 $4.24 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.
Raymond James upgraded its Coherent Corp [COHR] rating to a Strong buy from a an Outperform in a research note published on March 24, 2025; the price target was decreased to $91 from $110. Jefferies began covering COHR with “Buy” recommendation on December 04, 2024.
Price Performance Review of COHR
On Monday, Coherent Corp [NYSE:COHR] saw its stock jump 12.41% to $76.71. Over the last five days, the stock has gained 14.51%. Coherent Corp shares have fallen nearly -19.02% since the year began. Nevertheless, the stocks have risen 27.83% 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 $82.53, while 200 days put it at $85.02.
Levels Of Support And Resistance For COHR Stock
The 24-hour chart illustrates a support level at 73.42, which if violated will result in even more drops to 70.13. On the upside, there is a resistance level at 78.54. A further resistance level may holdings at 80.37. The Relative Strength Index (RSI) on the 14-day chart is 53.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.22%. Stochastics %K at 71.35% indicates the stock is a holding.
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.
