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An Analysis of Atricure Inc (ATRC)’s Potential Price Growth

Atricure Inc’s recently made public that its Director Yuen Maggie unloaded Company’s shares for reported $84245.0 on Aug 15 ’24. In the deal valued at $24.07 per share,3,500 shares were sold. As a result of this transaction, Yuen Maggie now holds 8,970 shares worth roughly $0.25 million.

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Then, Yuen Maggie bought 3,500 shares, generating $84,245 in total proceeds.

Before that, Privitera Salvatore bought 5,000 shares. Atricure Inc shares valued at $111,250 were divested by the Chief Technical Officer at a price of $22.25 per share. As a result of the transaction, Privitera Salvatore now holds 103,290 shares, worth roughly $2.9 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 Tuesday, Atricure Inc [NASDAQ:ATRC] saw its stock jump 2.82% to $28.07. Over the last five days, the stock has gained 4.47%. Atricure Inc shares have fallen nearly -21.35% since the year began. Nevertheless, the stocks have fallen -37.13% over the past one year. While a 52-week high of $44.64 was reached on 03/07/24, a 52-week low of $18.94 was recorded on 06/18/24. SMA at 50 days reached $24.14, while 200 days put it at $27.81.

Levels Of Support And Resistance For ATRC Stock

The 24-hour chart illustrates a support level at 27.51, which if violated will result in even more drops to 26.95. On the upside, there is a resistance level at 28.41. A further resistance level may holdings at 28.75. The Relative Strength Index (RSI) on the 14-day chart is 69.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.83%. Stochastics %K at 74.23% indicates the stock is a holding.

How much short interest is there in Atricure Inc?

A steep rise in short interest was recorded in Atricure Inc stocks on 2024-08-30, growing by 0.47 million shares to a total of 3.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.11 million shares. There was a rise of 13.15%, which implies that there is a positive sentiment for the stock.

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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