Accuray Inc’s recent filing unveils that its Senior VP Global Operations Hoge Michael unloaded Company’s shares for reported $31057.0 on Mar 01 ’24. In the deal valued at $2.59 per share,11,991 shares were sold. As a result of this transaction, Hoge Michael now holds 390,208 shares worth roughly $0.9 million.
Then, Corradetti GIna sold 14,129 shares, generating $38,729 in total proceeds. Upon selling the shares at $2.74, the VP, CAO and Controller now owns 196,138 shares.
Before that, Pervaiz Ali sold 2,116 shares. Accuray Inc shares valued at $5,800 were divested by the SVP Chief Financial Officer at a price of $2.74 per share. As a result of the transaction, Pervaiz Ali now holds 402,743 shares, worth roughly $0.93 million.
ROTH MKM initiated its Accuray Inc [ARAY] rating to a Buy in a research note published on February 13, 2024; the price target was $9. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Loop Capital began covering ARAY with “Buy” recommendation on December 22, 2021. BTIG Research revised its rating on January 21, 2020. It rated ARAY as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ARAY
On Monday, Accuray Inc [NASDAQ:ARAY] saw its stock jump 1.32% to $2.31. Over the last five days, the stock has lost -3.75%. Accuray Inc shares have fallen nearly -18.37% since the year began. Nevertheless, the stocks have fallen -21.96% over the past one year. While a 52-week high of $4.30 was reached on 01/23/24, a 52-week low of $2.27 was recorded on 04/15/24. SMA at 50 days reached $2.57, while 200 days put it at $2.88. A total of 0.76 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For ARAY Stock
The 24-hour chart illustrates a support level at 2.24, which if violated will result in even more drops to 2.18. On the upside, there is a resistance level at 2.35. A further resistance level may holdings at 2.40. The Relative Strength Index (RSI) on the 14-day chart is 35.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been 70.00 at 70.00%. Stochastics %K at 14.65% indicates the stock is a buying.
