Cochlear Limited (ASX: COH)

Falling knife or Value Buy

On 22 April 2026, Cochlear (COH.AX) delivered one of the most savage single-day sell-offs in its 30+ years as a listed company. Shares opened down 32% and closed the session ~40% lower, wiping out more than A$4.4 billion in market value in a single trading day. A decade low and 64% below its 52-week high of $319.56.