Coherent Corp’s filing revealed 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 $2.84 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.
Northland Capital upgraded its Coherent Corp [COHR] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “a Buy”. Raymond James also remained covering COHR and has increased its forecast on March 24, 2025 with a “Strong buy” recommendation from previously “an Outperform” rating.
Price Performance Review of COHR
On Tuesday, Coherent Corp [NYSE:COHR] saw its stock fall -2.73% to $51.39. Over the last five days, the stock has lost -19.32%. Coherent Corp shares have fallen nearly -45.75% since the year began. Nevertheless, the stocks have fallen -10.84% over the past one year. While a 52-week high of $113.60 was reached on 01/22/25, a 52-week low of $45.58 was recorded on 04/04/25. SMA at 50 days reached $74.93, while 200 days put it at $84.63.
Levels Of Support And Resistance For COHR Stock
The 24-hour chart illustrates a support level at 48.38, which if violated will result in even more drops to 45.38. On the upside, there is a resistance level at 56.06. A further resistance level may holdings at 60.73. The Relative Strength Index (RSI) on the 14-day chart is 32.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.56%. Stochastics %K at 19.11% 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 2025-03-14, growing by 0.8 million shares to a total of 6.1 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 5.3 million shares. There was a rise of 13.07%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 04, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $135 price target.
