Cooper Companies' 15min Chart Shows Bollinger Bands Narrowing, KDJ Death Cross

Based on the 15-minute chart of The Cooper Companies, the Bollinger Bands have narrowed, indicating a decrease in the magnitude of stock price fluctuations. Additionally, the KDJ indicator has formed a death cross at 10/20/2025 13:45, which suggests that the momentum of the stock price is shifting towards the downside and may continue to decline.

The Cooper Companies (NASDAQ: COO) saw a significant 6.6% increase in its stock price during premarket trading on October 20, 2025, following a Seeking Alpha report that activist investor Jana Partners has taken a stake in the company. Jana Partners is pushing for strategic alternatives, including a potential merger between Cooper's contact-lens unit and Bausch + Lomb (NYSE: BLCO).

Jana Partners has been vocal about its desire to improve Cooper's capital allocation and returns. The exact size of Jana's stake remains unknown, but the activist investor has cited operational inefficiencies and limited shareholder returns as reasons for its push for strategic changes, according to Benzinga.

The idea of a merger between Cooper and Bausch + Lomb has received support from Bausch + Lomb CEO Brent Saunders. Saunders told The Wall Street Journal that a combination with Cooper would strengthen competition and create a more scaled company in the contact-lens segment.

Cooper Companies, valued at around $14 billion, has seen its shares fall more than 20% this year. The company's CooperVision segment produces contact lenses and vision-care products, while its CooperSurgical division focuses on women's health and fertility products.

The recent share repurchase program approved by Cooper Companies, increasing it to $2 billion, is another indicator of the company's focus on shareholder value. The third-quarter sales for CooperVision were $718.4 million, up 6% year over year, while sales for the fourth quarter are expected between $700 million and $713 million for fiscal 2025.

The market reaction to Jana Partners' involvement suggests that investors are optimistic about the potential for improved operational efficiencies and increased shareholder value. The stock price surge, combined with the narrowing Bollinger Bands and the KDJ indicator's death cross, indicates a shift in market sentiment towards the downside, according to a Blockchain News flash.

Investors should closely monitor the developments as Jana Partners continues to push for strategic changes. The potential merger with Bausch + Lomb, if successful, could create a stronger competitor in the global contact-lens market, potentially leading to improved financial performance for Cooper Companies.