The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $1.62 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 $1.65 million.
As published in a research note from Oppenheimer on April 23, 2024, Atricure Inc [ATRC] has been rated up from a Perform to an Outperform and the price target has been revised to $32. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in late October. As of September 29, 2023, UBS has initiated its “Buy” rating for ATRC. Earlier on August 05, 2021, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for ATRC stock which previously was a “an Outperform”.
Analyzing ATRC Stock Performance
During the last five days, there has been a drop of approximately -1.72%. Over the course of the year, Atricure Inc shares have dropped approximately -37.74%. Shares of the company reached a 52-week high of $39.04 on 03/07/24 and a 52-week low of $20.19 on 05/02/24. A 50-day SMA is recorded $29.14, while a 200-day SMA reached $37.45. Nevertheless, trading volume fell to 2.75 million shares from 1.36 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 20.42, which, if violated, would cause prices to drop to 18.62. In the upper region, resistance lies at 23.79. The next price resistance is at 25.36. RSI (Relative Strength Index) is 33.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 61.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
