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SI-BONE Inc (SIBN) rating initates by Piper Sandler

In a filing, SI-BONE Inc revealed its President, Commercial Ops RECUPERO ANTHONY J unloaded Company’s shares for reported $14379.0 on Apr 03 ’24. In the deal valued at $15.63 per share,920 shares were sold. As a result of this transaction, RECUPERO ANTHONY J now holds 251,533 shares worth roughly $3.86 million.

Then, RECUPERO ANTHONY J sold 3,307 shares, generating $51,272 in total proceeds. Upon selling the shares at $15.50, the President, Commercial Ops now owns 252,453 shares.

Before that, Maheshwari Anshul sold 2,425 shares. SI-BONE Inc shares valued at $37,474 were divested by the Chief Financial Officer at a price of $15.45 per share. As a result of the transaction, Maheshwari Anshul now holds 205,516 shares, worth roughly $3.15 million.

Piper Sandler initiated its SI-BONE Inc [SIBN] rating to an Overweight in a research note published on March 28, 2024; the price target was $25. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Citigroup started covering the stock on June 08, 2021. It rated SIBN as “a Buy”.

Price Performance Review of SIBN

On Tuesday, SI-BONE Inc [NASDAQ:SIBN] saw its stock jump 0.46% to $15.34. Over the last five days, the stock has lost -6.12%. SI-BONE Inc shares have fallen nearly -26.92% since the year began. Nevertheless, the stocks have fallen -22.80% over the past one year. While a 52-week high of $29.51 was reached on 02/12/24, a 52-week low of $14.84 was recorded on 04/15/24. SMA at 50 days reached $17.61, while 200 days put it at $19.94. A total of 0.43 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For SIBN Stock

The 24-hour chart illustrates a support level at 15.04, which if violated will result in even more drops to 14.74. On the upside, there is a resistance level at 15.64. A further resistance level may holdings at 15.94. The Relative Strength Index (RSI) on the 14-day chart is 41.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.00%. Stochastics %K at 17.03% indicates the stock is a buying.

The most recent change occurred on March 09, 2021 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $34.

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