Coherent Corp. (COHR) has disclosed a new risk, in the Accounting & Financial Operations category.
In a significant development for Coherent Corp., CEO Vincent D. Mattera, Jr. and President Walter R. Bashaw II have established Rule 10b5-1(c) trading plans, potentially introducing volatility in the company’s stock. Mattera’s plan, running through the end of 2024, involves transactions that could encompass the exercise and sale of up to 128,620 shares, along with the potential sale of an additional 65,000 shares. Bashaw’s plan, concluding in early September 2024, includes the exercise and sale of up to 3,620 shares and a further sale of up to 6,000 shares. These prearranged trading plans may lead to concerns among investors regarding insider sales and could impact market perception and the stock price of Coherent Corp.
Overall, Wall Street has a Strong Buy consensus rating on COHR stock based on 9 Buys and 3 Holds.
To learn more about Coherent Corp.’s risk factors, click here.
