Accuray Inc’s recent filing unveils that its SVP Chief Financial Officer Pervaiz Ali unloaded Company’s shares for reported $17276.0 on Sep 04 ’24. In the deal valued at $2.06 per share,8,404 shares were sold. As a result of this transaction, Pervaiz Ali now holds 394,138 shares worth roughly $0.76 million.
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Then, Chalke Sandeep sold 26,799 shares, generating $45,612 in total proceeds. Upon selling the shares at $1.70, the SVP, Chief Commercial Officer now owns 531,341 shares.
Before that, Pervaiz Ali sold 2,701 shares. Accuray Inc shares valued at $4,597 were divested by the SVP Chief Financial Officer at a price of $1.70 per share. As a result of the transaction, Pervaiz Ali now holds 402,542 shares, worth roughly $0.77 million.
ROTH MKM initiated its Accuray Inc [ARAY] rating to a Buy in a research note published on February 13, 2024; the price target was $9. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Loop Capital began covering ARAY with “Buy” recommendation on December 22, 2021. BTIG Research revised its rating on January 21, 2020. It rated ARAY as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ARAY
On Tuesday, Accuray Inc [NASDAQ:ARAY] saw its stock jump 6.67% to $1.92. Over the last five days, the stock has gained 3.23%. Accuray Inc shares have fallen nearly -32.16% since the year began. Nevertheless, the stocks have fallen -31.43% over the past one year. While a 52-week high of $3.05 was reached on 01/23/24, a 52-week low of $1.40 was recorded on 08/12/24. SMA at 50 days reached $1.8944, while 200 days put it at $2.0661.
Levels Of Support And Resistance For ARAY Stock
The 24-hour chart illustrates a support level at 1.8133, which if violated will result in even more drops to 1.7067. On the upside, there is a resistance level at 1.9833. A further resistance level may holdings at 2.0467. The Relative Strength Index (RSI) on the 14-day chart is 55.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0090, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.33%. Stochastics %K at 53.28% indicates the stock is a holding.
How much short interest is there in Accuray Inc?
A steep rise in short interest was recorded in Accuray Inc stocks on 2024-10-15, dropping by 49088.0 shares to a total of 4.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.07 million shares. There was a decline of -1.22%, which implies that there is a negative sentiment for the stock.
