Neuronetics Inc’s filing revealed that its EVP, GC, CCO and CS MACAN WILLIAM ANDREW unloaded Company’s shares for reported $17716.0 on Feb 29 ’24. In the deal valued at $2.94 per share,6,026 shares were sold. As a result of this transaction, MACAN WILLIAM ANDREW now holds 389,333 shares worth roughly $1.72 million.
Then, MACAN WILLIAM ANDREW sold 22,377 shares, generating $70,711 in total proceeds. Upon selling the shares at $3.16, the EVP, GC, CCO and CS now owns 395,359 shares.
Before that, Furlong Stephen sold 3,985 shares. Neuronetics Inc shares valued at $12,593 were divested by the EVP, CFO and Treasurer at a price of $3.16 per share. As a result of the transaction, Furlong Stephen now holds 483,776 shares, worth roughly $2.14 million.
William Blair downgraded its Neuronetics Inc [STIM] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Neutral”. William Blair also remained covering STIM and has increased its forecast on January 22, 2021 with a “an Outperform” recommendation from previously “Mkt perform” rating. BTIG Research started covering the stock on February 06, 2020. It rated STIM as “a Buy”.
Price Performance Review of STIM
On Tuesday, Neuronetics Inc [NASDAQ:STIM] saw its stock jump 6.75% to $4.43. Over the last five days, the stock has lost -2.42%. Neuronetics Inc shares have risen nearly 52.76% since the year began. Nevertheless, the stocks have risen 90.95% over the past one year. While a 52-week high of $5.07 was reached on 04/01/24, a 52-week low of $1.03 was recorded on 01/04/24. SMA at 50 days reached $3.77, while 200 days put it at $2.34. A total of 0.29 million shares were traded, compared to the trading of 0.22 million shares in the previous session.
Levels Of Support And Resistance For STIM Stock
The 24-hour chart illustrates a support level at 4.21, which if violated will result in even more drops to 3.99. On the upside, there is a resistance level at 4.61. A further resistance level may holdings at 4.78. The Relative Strength Index (RSI) on the 14-day chart is 57.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.70%. Stochastics %K at 35.63% indicates the stock is a holding.
How much short interest is there in Neuronetics Inc?
A steep rise in short interest was recorded in Neuronetics Inc stocks on Mar 15, 2024, dropping by 71570.0 shares to a total of 53170.0 shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.12 million shares. There was a decline of -134.61%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.21% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.24.
The most recent change occurred on July 24, 2018 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating.
