Australia's Cochlear set for worst week in more than five months
02/10/2026 04:23
BUZZ-Australia's Cochlear set for worst week in more than five months ** Shares of Cochlear COH.AX down 9.2% so far this week, on track for worst week since April 20 if current losses hold
** On Tuesday, hearing implants maker received a shareholders class action claim filed against it in the Supreme Court of Victoria over its fiscal 2026 underlying net profit forecast
** COH on Tuesday denied the allegations and said it intended to defend the claim
** Stock falls as much as 1.6% on Friday to A$128.250, their lowest since August 11
** YTD, stock down 50.2%
(Reporting by Tejas Harish in Bengaluru)
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Brief: Cochlear says class action claim filed against it in Supreme Court of Victoria