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Tactile Systems Technology Inc [TCMD] Director makes an insider purchase of 2,500 shares worth 35150.0.

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tactile Systems Technology Inc shares valued at $35,150 were sold by BURKE WILLIAM W on May 08 ’24. At $14.06 per share, BURKE WILLIAM W sold 2,500 shares. The insider’s holdings dropped to 25,273 shares worth approximately $0.35 million following the completion of this transaction.

Also, Burns Kristie sold 815 shares, netting a total of over 11,713 in proceeds. Following the sale of shares at $14.37 each, the insider now holds 62,574 shares.

Before that, REUVERS DANIEL L. had sold 1,396 shares from its account. In a trade valued at $21,289, the President and CEO traded Tactile Systems Technology Inc shares for $15.25 each. Upon closing the transaction, the insider’s holdings decreased to 1,396 shares, worth approximately $3.26 million.

As published in a research note from Oppenheimer on November 13, 2020, Tactile Systems Technology Inc [TCMD] has been rated up from a Perform to an Outperform and the price target has been revised to $55. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in late October. As of August 07, 2019, BTIG Research has increased its “Neutral” rating to a “Buy” for TCMD. Earlier on June 13, 2019, Dougherty & Company initiated its rating. Their recommendation was “a Buy” for TCMD stock.

Analyzing TCMD Stock Performance

During the last five days, there has been a drop of approximately -1.16%. Over the course of the year, Tactile Systems Technology Inc shares have dropped approximately -4.27%. Shares of the company reached a 52-week high of $16.95 on 03/25/24 and a 52-week low of $11.96 on 02/20/24. A 50-day SMA is recorded $15.05, while a 200-day SMA reached $14.76. Nevertheless, trading volume fell to 0.73 million shares from 0.19 million shares the previous day.

Support And Resistance Levels for Tactile Systems Technology Inc (TCMD)

According to the 24-hour chart, there is a support level at 13.45, which, if violated, would cause prices to drop to 13.20. In the upper region, resistance lies at 13.92. The next price resistance is at 14.14. RSI (Relative Strength Index) is 39.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 60.46%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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