Shares of Cochlear Limited (OTCMKTS:CHEOY - Get Free Report) shot up 1% during trading on Wednesday . The stock traded as high as $87.90 and last traded at $87.66. 34,680 shares traded hands during trading, an increase of 182% from the average session volume of 12,281 shares. The stock had previously closed at $86.77.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group began coverage on shares of Cochlear in a report on Thursday, January 16th. They set a "neutral" rating for the company.
Read Our Latest Research Report on CHEOY
Cochlear Stock Performance
The firm's fifty day moving average is $93.80 and its 200 day moving average is $96.98.
Cochlear Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, March 21st will be issued a $0.6165 dividend. The ex-dividend date is Friday, March 21st. This is an increase from Cochlear's previous dividend of $0.14.
About Cochlear
(
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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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