CochLear (OTCMKTS:CHEOY) Sees Strong Trading Volume – Here’s What Happened

CochLear Ltd. Unsponsored ADR (OTCMKTS:CHEOYGet Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 74,552 shares traded hands during trading, an increase of 233% from the previous session’s volume of 22,376 shares.The stock last traded at $68.2310 and had previously closed at $68.95.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded shares of CochLear from a “hold” rating to a “moderate buy” rating in a research note on Monday, January 19th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CochLear currently has an average rating of “Buy”.

Read Our Latest Analysis on CochLear

CochLear Stock Performance

The firm’s 50 day moving average is $86.91 and its 200-day moving average is $91.67.

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.

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