Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Staar Surgical Co. shares valued at $43 were purchased by BROADWOOD PARTNERS, L.P. on May 09 ’24. At $42.56 per share, BROADWOOD PARTNERS, L.P. acquired 1 shares. The insider’s holdings grew to 10,768,431 shares worth approximately $392.29 million following the completion of this transaction.
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Also, WEISNER AIMEE S purchased 1,750 shares, netting a total of over 66,692 in proceeds. Following the buying of shares at $38.11 each, the insider now holds 10,864 shares.
Before that, BROADWOOD PARTNERS, L.P. had added 4,042 shares to its account. In a trade valued at $109,570, the 10% Owner bought Staar Surgical Co. shares for $27.11 each. Upon closing the transaction, the insider’s holdings increased to 4,042 shares, worth approximately $392.29 million.
As published in a research note from Morgan Stanley on July 15, 2024, Staar Surgical Co. [STAA] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $37 from $50. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid June. As of March 11, 2024, Stifel has increased its “Hold” rating to a “Buy” for STAA. Earlier on December 05, 2023, Needham downgraded its rating. Their new recommendation was “a Hold” for STAA stock which previously was a “a Buy”.
Analyzing STAA Stock Performance
During the last five days, there has been a drop of approximately -9.74%. Over the course of the year, Staar Surgical Co. shares have jumped approximately 16.73%. Shares of the company reached a 52-week high of $52.68 on 04/09/24 and a 52-week low of $26.66 on 02/05/24. A 50-day SMA is recorded $41.55, while a 200-day SMA reached $37.84. Nevertheless, trading volume fell to 0.6 million shares from 1.26 million shares the previous day.
Support And Resistance Levels for Staar Surgical Co. (STAA)
According to the 24-hour chart, there is a support level at 35.59, which, if violated, would cause prices to drop to 34.74. In the upper region, resistance lies at 37.51. The next price resistance is at 38.58. RSI (Relative Strength Index) is 40.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.40, which suggests the price will decrease in the coming days. Percent R is at 81.07%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
