Investing in Accuray Inc (ARAY) Is Getting More Attractive

In a filing, Accuray Inc revealed its VP, CAO and Controller Corradetti GIna unloaded Company’s shares for reported $38729.0 on Jan 03. In the deal valued at $2.74 per share,14,129 shares were sold. As a result of this transaction, Corradetti GIna now holds 196,138 shares worth roughly $0.54 million.

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Then, Pervaiz Ali sold 2,116 shares, generating $5,800 in total proceeds. Upon selling the shares at $2.74, the SVP Chief Financial Officer now owns 402,743 shares.

Before that, Winter Suzanne C sold 65,390 shares. Accuray Inc shares valued at $161,624 were divested by the President at a price of $2.47 per share. As a result of the transaction, Winter Suzanne C now holds 1,369,811 shares, worth roughly $3.77 million.

ROTH MKM initiated its Accuray Inc [ARAY] rating to a Buy in a research note published on Tuesday, February 13, 2024; the price target was $9.

Price Performance Review of ARAY

On Tuesday, Accuray Inc [NASDAQ:ARAY] saw its stock fall -2.14% to $2.75. Over the last five days, the stock has gained 6.59%. Accuray Inc shares have fallen nearly -2.83% since the year began. Nevertheless, the stocks have fallen -11.00% over the past one year. While a 52-week high of $4.30 was reached on 01/23/24, a 52-week low of $2.36 was recorded on 02/06/24. SMA at 50 days reached $2.74, while 200 days put it at $3.12. A total of 1.19 million shares were traded, compared to the trading of 0.5 million shares in the previous session.

Levels Of Support And Resistance For ARAY Stock

The 24-hour chart illustrates a support level at 2.65, which if violated will result in even more drops to 2.54. On the upside, there is a resistance level at 2.87. A further resistance level may holdings at 2.98. The Relative Strength Index (RSI) on the 14-day chart is 52.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.00%. Stochastics %K at 65.24% indicates the stock is a holding.

How much short interest is there in Accuray Inc?

A steep rise in short interest was recorded in Accuray Inc stocks on Jan 31, 2024, dropping by -0.29 million shares to a total of 5.35 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 5.64 million shares. There was a decline of -5.42%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.49% of the overall stock float, the days-to-cover ratio (short ratio) fell to 17.02.

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