Oct. 20 at 6:14 PM
ACTIVIST ALERT: Jana Partners took a stake in
$COO demanding a breakup or merger with
$BLCO.
Stock popped 6%+ but could be just the start. Jana has a 30% annual return track record forcing value-unlocking deals. Bausch + Lomb's CEO already endorsed the merger publicly—rare and bullish.
$COO trades at
$75 after holding critical support at
$61.77, with technical resistance at
$112-
$116.
Historical activist campaigns generate 30-50% premiums. Options traders positioning in 3-6 month calls as implied volatility spikes. Risk-reward heavily favors bulls here.
Cooper Companies (COO) Monthly Chart from Barchart - Shows the bearish trend reversal at critical support (
$61.77 near October 2022 low of
$61.05), recent recovery to
$75+, and technical resistance levels at September 2024 high (
$112.38) and September 2021 record peak (
$115.90).
The chart illustrates the significant upside potential from current levels to previous highs.