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Insider Selling Buzz: Tactile Systems Technology Inc [TCMD] Chief Financial Officer Birkemeyer Elaine M. sold 3,041 shares of the company

In a filing, Tactile Systems Technology Inc revealed its Chief Financial Officer Birkemeyer Elaine M. unloaded Company’s shares for reported $41590.0 on May 16 ’24. In the deal valued at $13.68 per share,3,041 shares were sold. As a result of this transaction, Birkemeyer Elaine M. now holds 61,295 shares worth roughly $0.69 million.

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Then, BURKE WILLIAM W sold 2,500 shares, generating $35,150 in total proceeds. Upon selling the shares at $14.06, the Director now owns 25,273 shares.

Before that, Burns Kristie sold 815 shares. Tactile Systems Technology Inc shares valued at $11,713 were divested by the Sr. VP Mktg & Clinical Affairs at a price of $14.37 per share. As a result of the transaction, Burns Kristie now holds 62,574 shares, worth roughly $0.71 million.

Oppenheimer upgraded its Tactile Systems Technology Inc [TCMD] rating to an Outperform from a a Perform in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in late October with a ‘”a Perform”‘ rating. BTIG Research also remained covering TCMD and has increased its forecast on August 07, 2019 with a “Buy” recommendation from previously “Neutral” rating. Dougherty & Company started covering the stock on June 13, 2019. It rated TCMD as “a Buy”.

Price Performance Review of TCMD

On Tuesday, Tactile Systems Technology Inc [NASDAQ:TCMD] saw its stock fall -0.79% to $11.32. Tactile Systems Technology Inc shares have fallen nearly -20.84% since the year began. Nevertheless, the stocks have fallen -54.59% over the past one year. While a 52-week high of $26.11 was reached on 03/25/24, a 52-week low of $9.69 was recorded on 06/20/24. SMA at 50 days reached $12.92, while 200 days put it at $13.68. A total of 0.28 million shares were traded, compared to the trading of 1.2 million shares in the previous session.

Levels Of Support And Resistance For TCMD Stock

The 24-hour chart illustrates a support level at 11.23, which if violated will result in even more drops to 11.13. On the upside, there is a resistance level at 11.48. A further resistance level may holdings at 11.63. The Relative Strength Index (RSI) on the 14-day chart is 36.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.13%. Stochastics%K at 31.14% indicates the stock is a holding.

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