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CochLear (OTCMKTS:CHEOY) Stock Price Down 1.8% - Time to Sell?

CochLear logo with Medical background

Key Points

  • CochLear Ltd. shares fell by 1.8% on Friday, closing at $100.79, with trading volume down 68% from the average session.
  • UBS Group upgraded CochLear stock from a "hold" to a "strong-buy" rating on June 18th, reflecting positive analyst sentiment.
  • The company's fifty-day and two-hundred-day simple moving averages are $95.27 and $90.03 respectively, indicating positive long-term trends.
  • Want stock alerts on CochLear? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOY - Get Free Report) traded down 1.8% during trading on Friday . The stock traded as low as $100.79 and last traded at $100.79. 807 shares were traded during mid-day trading, a decline of 68% from the average session volume of 2,542 shares. The stock had previously closed at $102.67.

Analysts Set New Price Targets

Separately, UBS Group upgraded CochLear from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 18th.

Get Our Latest Analysis on CochLear

CochLear Stock Up 0.5%

The firm has a 50 day simple moving average of $95.83 and a 200 day simple moving average of $90.08.

About CochLear

(Get Free Report)

Cochlear Limited provides implantable hearing solutions for children and adults worldwide. It offers cochlear implant systems, sound processor upgrades, bone conduction systems, accessories, and other products. Cochlear Limited was founded in 1981 and is headquartered in Sydney, Australia.

See Also

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