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Investing in Staar Surgical Co. (STAA): What You Must Know

Staar Surgical Co.’s filing revealed that its 10% Owner BROADWOOD PARTNERS, L.P. acquired Company’s shares for reported $43.0 on May 09 ’24. In the deal valued at $42.56 per share,1 shares were bought. As a result of this transaction, BROADWOOD PARTNERS, L.P. now holds 10,768,431 shares worth roughly $469.18 million.

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Then, WEISNER AIMEE S bought 1,750 shares, generating $66,692 in total proceeds. Upon buying the shares at $38.11, the Director now owns 10,864 shares.

Before that, BROADWOOD PARTNERS, L.P. bought 4,042 shares. Staar Surgical Co. shares valued at $109,570 were divested by the 10% Owner at a price of $27.11 per share. As a result of the transaction, BROADWOOD PARTNERS, L.P. now holds 10,768,430 shares, worth roughly $469.18 million.

Stifel upgraded its Staar Surgical Co. [STAA] rating to a Buy from a a Hold in a research note published on March 11, 2024; the price target was increased to $50 from $30. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Hold”. Morgan Stanley began covering STAA with “an Equal-weight” recommendation on December 04, 2023. The Benchmark Company revised its rating on September 15, 2023. It rated STAA as “a Hold” which previously was an “a Buy”.

Price Performance Review of STAA

On Monday, Staar Surgical Co. [NASDAQ:STAA] saw its stock jump 2.88% to $43.57. Over the last five days, the stock has lost -5.24%. Staar Surgical Co. shares have risen nearly 39.60% since the year began. Nevertheless, the stocks have fallen -32.28% over the past one year. While a 52-week high of $67.36 was reached on 04/09/24, a 52-week low of $26.66 was recorded on 02/05/24. SMA at 50 days reached $42.65, while 200 days put it at $38.23. A total of 0.63 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For STAA Stock

The 24-hour chart illustrates a support level at 42.28, which if violated will result in even more drops to 40.99. On the upside, there is a resistance level at 44.63. A further resistance level may holdings at 45.69. The Relative Strength Index (RSI) on the 14-day chart is 47.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.38%. Stochastics %K at 35.98% indicates the stock is a holding.

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