Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Neuronetics Inc shares valued at $17,716 were sold by MACAN WILLIAM ANDREW on Feb 29 ’24. At $2.94 per share, MACAN WILLIAM ANDREW sold 6,026 shares. The insider’s holdings dropped to 389,333 shares worth approximately $1.85 million following the completion of this transaction.
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Also, MACAN WILLIAM ANDREW sold 22,377 shares, netting a total of over 70,711 in proceeds. Following the sale of shares at $3.16 each, the insider now holds 395,359 shares.
Before that, Furlong Stephen had sold 3,985 shares from its account. In a trade valued at $12,593, the EVP, CFO and Treasurer traded Neuronetics Inc shares for $3.16 each. Upon closing the transaction, the insider’s holdings decreased to 3,985 shares, worth approximately $2.3 million.
As published in a research note from William Blair on October 13, 2021, Neuronetics Inc [STIM] has been rated down from an Outperform to a Mkt perform. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid October. As of January 22, 2021, William Blair has increased its “Mkt perform” rating to a “an Outperform” for STIM. Earlier on February 06, 2020, BTIG Research initiated its rating. Their recommendation was “a Buy” for STIM stock.
Analyzing STIM Stock Performance
During the last five days, there has been a surge of approximately 10.96%. Over the course of the year, Neuronetics Inc shares have jumped approximately 64.14%. Shares of the company reached a 52-week high of $4.99 on 03/25/24 and a 52-week low of $2.41 on 01/04/24. A 50-day SMA is recorded $3.64, while a 200-day SMA reached $2.26. Nevertheless, trading volume fell to 64274.0 shares from 0.96 million shares the previous day.
Support And Resistance Levels for Neuronetics Inc (STIM)
According to the 24-hour chart, there is a support level at 4.63, which, if violated, would cause prices to drop to 4.50. In the upper region, resistance lies at 4.90. The next price resistance is at 5.04. RSI (Relative Strength Index) is 69.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.45, which suggests the price will decrease in the coming days. Percent R is at 17.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Neuronetics Inc subject to short interest?
Stocks of Neuronetics Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by 71570.0 shares to 53170.0. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.12 million shares. A decline of -134.61% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.24 of the overall float, the days-to-cover ratio (short ratio) decline to 0.24.
