In a filing, Staar Surgical Co. revealed its Director WEISNER AIMEE S acquired Company’s shares for reported $66692.0 on Mar 14 ’24. In the deal valued at $38.11 per share,1,750 shares were bought. As a result of this transaction, WEISNER AIMEE S now holds 10,864 shares worth roughly $0.53 million.
Then, BROADWOOD PARTNERS, L.P. bought 4,042 shares, generating $109,570 in total proceeds. Upon buying the shares at $27.11, the 10% Owner now owns 10,768,430 shares.
Before that, BROADWOOD PARTNERS, L.P. bought 156,734 shares. Staar Surgical Co. shares valued at $4,463,231 were divested by the 10% Owner at a price of $28.48 per share. As a result of the transaction, BROADWOOD PARTNERS, L.P. now holds 10,764,388 shares, worth roughly $524.01 million.
Stifel upgraded its Staar Surgical Co. [STAA] rating to a Buy from a a Hold in a research note published on March 11, 2024; the price target was increased to $50 from $30. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Hold”. Morgan Stanley began covering STAA with “an Equal-weight” recommendation on December 04, 2023. The Benchmark Company revised its rating on September 15, 2023. It rated STAA as “a Hold” which previously was an “a Buy”.
Price Performance Review of STAA
On Friday, Staar Surgical Co. [NASDAQ:STAA] saw its stock jump 6.97% to $48.68. Over the last five days, the stock has gained 27.17%. Staar Surgical Co. shares have risen nearly 55.98% since the year began. Nevertheless, the stocks have fallen -22.72% over the past one year. While a 52-week high of $73.13 was reached on 04/05/24, a 52-week low of $26.66 was recorded on 02/05/24. SMA at 50 days reached $34.13, while 200 days put it at $39.09. A total of 1.86 million shares were traded, compared to the trading of 0.77 million shares in the previous session.
Levels Of Support And Resistance For STAA Stock
The 24-hour chart illustrates a support level at 46.04, which if violated will result in even more drops to 43.40. On the upside, there is a resistance level at 50.08. A further resistance level may holdings at 51.47. The Relative Strength Index (RSI) on the 14-day chart is 79.20, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.09%. Stochastics %K at 86.77% indicates the stock is a selling.
How much short interest is there in Staar Surgical Co.?
A steep rise in short interest was recorded in Staar Surgical Co. stocks on Mar 15, 2024, dropping by -1.02 million shares to a total of 5.43 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.45 million shares. There was a decline of -18.78%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 23.00% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.44.
