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Investing in Atricure Inc (ATRC): What You Must Know

In a filing, Atricure Inc revealed its Chief Technical Officer Privitera Salvatore acquired Company’s shares for reported $0.11 million on May 30 ’24. In the deal valued at $22.25 per share,5,000 shares were bought. As a result of this transaction, Privitera Salvatore now holds 103,290 shares worth roughly $2.44 million.

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Then, Noznesky Justin J sold 1,500 shares, generating $36,135 in total proceeds. Upon selling the shares at $24.09, the Chief Mktg & Strategy Officer now owns 71,284 shares.

Before that, Noznesky Justin J sold 1,500 shares. Atricure Inc shares valued at $45,585 were divested by the Chief Mktg & Strategy Officer at a price of $30.39 per share. As a result of the transaction, Noznesky Justin J now holds 72,784 shares, worth roughly $1.72 million.

Oppenheimer upgraded its Atricure Inc [ATRC] rating to an Outperform from a a Perform in a research note published recently. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in late October with a ‘”a Mkt outperform”‘ rating. UBS began covering ATRC with “Buy” recommendation on September 29, 2023. Oppenheimer revised its rating on August 05, 2021. It rated ATRC as “a Perform” which previously was an “an Outperform”.

Price Performance Review of ATRC

On Friday, Atricure Inc [NASDAQ:ATRC] saw its stock jump 5.43% to $23.67. Over the last five days, the stock has gained 1.63%. Atricure Inc shares have fallen nearly -33.68% since the year began. Nevertheless, the stocks have fallen -51.31% over the past one year. While a 52-week high of $59.61 was reached on 03/07/24, a 52-week low of $18.94 was recorded on 06/18/24. SMA at 50 days reached $22.37, while 200 days put it at $31.57. A total of 0.71 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For ATRC Stock

The 24-hour chart illustrates a support level at 22.64, which if violated will result in even more drops to 21.62. On the upside, there is a resistance level at 24.25. A further resistance level may holdings at 24.84. The Relative Strength Index (RSI) on the 14-day chart is 56.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.02%. Stochastics%K at 68.71% indicates the stock is a holding.

The most recent change occurred on December 18, 2020 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $63.

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