Tactile Systems Technology Inc’s filing revealed that its Senior VP, Sales Ferstler Sherri Lee unloaded Company’s shares for reported $20263.0 on Aug 12 ’24. In the deal valued at $13.07 per share,1,550 shares were sold. As a result of this transaction, Ferstler Sherri Lee now holds 38,764 shares worth roughly $0.52 million.
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Then, Ferstler Sherri Lee bought 1,550 shares, generating $20,262 in total proceeds.
Before that, Birkemeyer Elaine M. sold 3,041 shares. Tactile Systems Technology Inc shares valued at $41,590 were divested by the Chief Financial Officer at a price of $13.68 per share. As a result of the transaction, Birkemeyer Elaine M. now holds 61,295 shares, worth roughly $0.82 million.
Oppenheimer downgraded its Tactile Systems Technology Inc [TCMD] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. B. Riley Securities began covering TCMD with “Buy” recommendation on September 26, 2024. Oppenheimer revised its rating on November 13, 2020. It rated TCMD as “an Outperform” which previously was an “a Perform”.
Price Performance Review of TCMD
On Tuesday, Tactile Systems Technology Inc [NASDAQ:TCMD] saw its stock fall -11.12% to $13.43. Over the last five days, the stock has lost -7.19%. Tactile Systems Technology Inc shares have fallen nearly -6.08% since the year began. Nevertheless, the stocks have risen 4.19% over the past one year. While a 52-week high of $16.95 was reached on 03/25/24, a 52-week low of $9.69 was recorded on 07/05/24. SMA at 50 days reached $14.02, while 200 days put it at $13.87.
Levels Of Support And Resistance For TCMD Stock
The 24-hour chart illustrates a support level at 12.91, which if violated will result in even more drops to 12.38. On the upside, there is a resistance level at 13.91. A further resistance level may holdings at 14.38. The Relative Strength Index (RSI) on the 14-day chart is 40.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.54%. Stochastics %K at 64.50% indicates the stock is a holding.
How much short interest is there in Tactile Systems Technology Inc?
A steep rise in short interest was recorded in Tactile Systems Technology Inc stocks on 2024-10-15, dropping by 69611.0 shares to a total of 1.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.4 million shares. There was a decline of -5.23%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 22, 2019 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating .
