Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Atricure Inc shares valued at $45,585 were sold by Noznesky Justin J on Apr 01 ’24. At $30.39 per share, Noznesky Justin J sold 1,500 shares. The insider’s holdings dropped to 72,784 shares worth approximately $1.84 million following the completion of this transaction.
Also, Dahlquist Karl S. sold 1,885 shares, netting a total of over 60,622 in proceeds. Following the sale of shares at $32.16 each, the insider now holds 50,954 shares.
Before that, Noznesky Justin J had sold 1,500 shares from its account. In a trade valued at $55,080, the Chief Mktg & Strategy Officer traded Atricure Inc shares for $36.72 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $1.88 million.
As published in their initiating research note from JMP Securities on October 23, 2023, Atricure Inc [ATRC] has been a Mkt outperform and the price target has been revised to $60. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of August 05, 2021, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for ATRC. Earlier on December 18, 2020, Needham resumed its rating. Their recommendation was “a Buy” for ATRC stock.
Analyzing ATRC Stock Performance
During the last five days, there has been a drop of approximately -3.21%. Over the course of the year, Atricure Inc shares have dropped approximately -29.08%. Shares of the company reached a 52-week high of $39.04 on 03/07/24 and a 52-week low of $25.20 on 04/11/24. A 50-day SMA is recorded $32.08, while a 200-day SMA reached $39.49. Nevertheless, trading volume fell to 0.58 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for Atricure Inc (ATRC)
According to the 24-hour chart, there is a support level at 24.92, which, if violated, would cause prices to drop to 24.52. In the upper region, resistance lies at 25.99. The next price resistance is at 26.66. RSI (Relative Strength Index) is 30.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.36, which suggests the price will decrease in the coming days. Percent R is at 97.96%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Atricure Inc subject to short interest?
Stocks of Atricure Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.63 million shares to 2.97 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.34 million shares. A jump of 21.21% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.68 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.68.
