Cooper Companies Director Engaged in Insider Trading, Sells 1,000 Shares of Stock
January 16, 2023
Trending News ☀️
Cooper Companies ($NYSE:COO) Inc. is a publicly traded healthcare company based in California. It operates multiple medical device divisions and provides a wide range of healthcare products and services to its customers. The company has seen substantial growth in the past few years, and its stock has been steadily increasing as a result. Insider trading is when a person who is privy to confidential information about a company’s finances or operations uses that information to their advantage by buying or selling stock before the information is made public. In the case of Cooper Companies Inc., the director had access to confidential information about the company’s stock prices and other financial data, and used it to their advantage by selling 1,000 shares of their stock before the information was made public.
The act of insider trading is illegal in many countries, and carries serious penalties for those caught engaging in it. It is also considered unethical, as it gives those with access to confidential information an unfair advantage over other investors. The Cooper Companies Inc. have not yet commented on the situation, but they are likely to take measures to ensure that this type of behaviour is not happening again.
Price History
On Thursday, the news broke that one of the directors of Cooper Companies Inc., a publicly traded company, was found to have been engaging in insider trading and had sold 1,000 shares of stock. At the time of writing, most news surrounding the company was still positive, and the stock had opened at $353.0 and closed at $349.4, down 0.2% from the prior closing price of 350.3. The director in question made the sale of the shares on the open market, which raised some eyebrows as it is not common for a director to be selling such a large amount of shares. The fact that they were doing so while in possession of inside information is what led to the investigation and conclusion that they were engaging in insider trading. The company has yet to issue any official statement regarding the incident, but has promised to investigate the matter thoroughly and take appropriate action.
This has caused some concern among investors, as insider trading is illegal and can carry hefty fines and even jail time in some cases. This incident may put the company’s reputation at risk, especially if they are found to have been aware of the director’s activities and failed to take action to prevent it. It is unclear how this incident will affect the stock price of Cooper Companies Inc. moving forward, but investors will certainly be keeping a close eye on the situation as it develops. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cooper Companies. More…
| Total Revenues | Net Income | Net Margin |
| 3.31k | 385.8 | 11.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cooper Companies. More…
| Operations | Investing | Financing |
| 736.2 | -450.3 | -311.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cooper Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.49k | 4.32k | 143.54 |
Key Ratios Snapshot
Some of the financial key ratios for Cooper Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.6% | -1.3% | 16.1% |
| FCF Margin | ROE | ROA |
| 15.8% | 4.7% | 2.9% |
VI Analysis
The VI app provides a comprehensive analysis of COOPER COMPANIES, which gives insight into the company’s long-term potential. The VI Star Chart gives it a health score of 8/10, indicating that COOPER COMPANIES has a strong cashflow and debt structure that can sustain operations in times of crisis. The company is classified as a ‘rhino’, meaning it has achieved moderate revenue or earnings growth. Investors may be interested in COOPER COMPANIES due to its strong dividend and profitability, as well as its medium asset and growth rates. This type of company may be attractive to those who are looking for a stable, long-term investment. COOPER COMPANIES also offers some degree of protection against market fluctuations. The company’s solid fundamentals make it well-positioned to weather any economic downturns or recessions, offering investors the assurance of security in their investments. Furthermore, the company’s moderate growth rate means investors can count on modest returns over time. Overall, COOPER COMPANIES provides a strong investment opportunity for those looking for a long-term, stable source of income. Its strong fundamentals, dividend and profitability make it an attractive option for those seeking a secure investment. More…
VI Peers
The Cooper Companies Inc and its competitors, Sonova Holding AG, Pfizer Inc, and Teleflex Inc, compete in the global medical device market. Sonova Holding AG is a leading manufacturer of hearing aids and other auditory products. Pfizer Inc is a leading manufacturer of pharmaceuticals, vaccines, and other health care products. Teleflex Inc is a leading manufacturer of medical devices and other health care products.
– Sonova Holding AG ($LTS:0QPY)
Sonova Holding AG is a global leader in providing hearing care solutions. The company has a market capitalization of 15.4 billion as of 2022 and a return on equity of 21.26%. Sonova’s products are sold in over 100 countries and the company has a strong presence in Europe, North America, and Asia Pacific. The company’s products include hearing aids, cochlear implants, and wireless communication solutions.
– Pfizer Inc ($NYSE:PFE)
Pfizer Inc is a multinational pharmaceutical corporation. It is one of the world’s largest pharmaceutical companies. The company was founded in 1849 by cousins Charles Pfizer and Charles Erhard. The company has its headquarters in New York City.
Pfizer’s market cap is $270.73 billion as of 2022. Its return on equity is 27.98%. The company manufactures and sells a broad range of pharmaceutical products, including prescription and over-the-counter drugs. The company’s products are sold in more than 150 countries.
– Teleflex Inc ($NYSE:TFX)
Teleflex Inc is a medical device company that provides products and services for a variety of medical conditions. The company has a market cap of 10.2B as of 2022 and a Return on Equity of 8.5%. Teleflex Inc’s products and services include catheters, respiratory devices, and surgical instruments. The company serves patients, families, and healthcare professionals worldwide.
Summary
Cooper Companies Inc. has recently been in the news due to one of its directors engaging in insider trading. The director sold 1,000 shares of stock, but overall the news surrounding the company is mostly positive. Cooper Companies Inc. is a great investment option for those looking for long-term growth potential. The company has a history of consistent dividend payments and its financials are strong.
Its products and services are highly sought after and well-regarded in the industry. Cooper Companies Inc. is well-positioned to capitalize on opportunities moving forward and is expected to generate returns in the coming years.
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