Atricure Inc’s recently made public that its Chief Mktg & Strategy Officer Noznesky Justin J unloaded Company’s shares for reported $45585.0 on Apr 01 ’24. In the deal valued at $30.39 per share,1,500 shares were sold. As a result of this transaction, Noznesky Justin J now holds 72,784 shares worth roughly $1.93 million.
Then, Dahlquist Karl S. sold 1,885 shares, generating $60,622 in total proceeds. Upon selling the shares at $32.16, the Chief Legal Officer now owns 50,954 shares.
Before that, Noznesky Justin J sold 1,500 shares. Atricure Inc shares valued at $55,080 were divested by the Chief Mktg & Strategy Officer at a price of $36.72 per share. As a result of the transaction, Noznesky Justin J now holds 74,284 shares, worth roughly $1.97 million.
JMP Securities initiated its Atricure Inc [ATRC] rating to a Mkt outperform in a research note published on October 23, 2023; the price target was $60. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Oppenheimer also remained covering ATRC and has decreased its forecast on August 05, 2021 with a “Perform” recommendation from previously “an Outperform” rating. Needham maintained its rating on December 18, 2020. It rated ATRC as “a Buy”.
Price Performance Review of ATRC
On Monday, Atricure Inc [NASDAQ:ATRC] saw its stock jump 1.07% to $26.54. Over the last five days, the stock has lost -8.77%. Atricure Inc shares have fallen nearly -25.64% since the year began. Nevertheless, the stocks have fallen -35.32% over the past one year. While a 52-week high of $59.61 was reached on 03/07/24, a 52-week low of $25.83 was recorded on 04/04/24. SMA at 50 days reached $32.53, while 200 days put it at $39.82. A total of 0.75 million shares were traded, compared to the trading of 0.99 million shares in the previous session.
Levels Of Support And Resistance For ATRC Stock
The 24-hour chart illustrates a support level at 26.21, which if violated will result in even more drops to 25.89. On the upside, there is a resistance level at 26.77. A further resistance level may holdings at 27.01. The Relative Strength Index (RSI) on the 14-day chart is 30.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.63%. Stochastics %K at 7.49% indicates the stock is a buying.
How much short interest is there in Atricure Inc?
A steep rise in short interest was recorded in Atricure Inc stocks on Mar 15, 2024, growing by 0.63 million shares to a total of 2.97 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.34 million shares. There was a rise of 21.21%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.43% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.68.
The most recent change occurred on November 06, 2020 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $53.
