The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Neuronetics Inc shares valued at $10,860 were purchased by MUIR GLENN P on Aug 28 ’24. At $0.85 per share, MUIR GLENN P acquired 12,776 shares. The insider’s holdings grew to 252,594 shares worth approximately $0.21 million following the completion of this transaction.
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Also, MUIR GLENN P purchased 12,224 shares, netting a total of over 10,390 in proceeds. Following the buying of shares at $0.85 each, the insider now holds 264,818 shares.
Before that, MUIR GLENN P had added 25,000 shares to its account. In a trade valued at $25,000, the Director bought Neuronetics Inc shares for $1.00 each. Upon closing the transaction, the insider’s holdings increased to 25,000 shares, worth approximately $0.2 million.
As published in a research note from William Blair on August 13, 2024, Neuronetics Inc [STIM] has been rated down from an Outperform to a Mkt perform. Analysts at William Blair downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid October. As of October 13, 2021, BTIG Research has decreased its “Buy” rating to a “Neutral” for STIM. Earlier on January 22, 2021, William Blair upgraded its rating. Their new recommendation was “an Outperform” for STIM stock which previously was a “a Mkt perform”.
Analyzing STIM Stock Performance
During the last five days, there has been a drop of approximately -10.54%. Over the course of the year, Neuronetics Inc shares have dropped approximately -71.64%. Shares of the company reached a 52-week high of $5.0699 on 04/01/24 and a 52-week low of $0.6640 on 08/13/24. A 50-day SMA is recorded $1.5282, while a 200-day SMA reached $2.6267. Nevertheless, trading volume fell to 0.29 million shares from 71000.0 shares the previous day.
Support And Resistance Levels for Neuronetics Inc (STIM)
According to the 24-hour chart, there is a support level at 0.7949, which, if violated, would cause prices to drop to 0.7675. In the upper region, resistance lies at 0.8749. The next price resistance is at 0.9275. RSI (Relative Strength Index) is 27.93 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0869, which suggests the price will decrease in the coming days. Percent R is at 99.38%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
