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 $1,122 were sold by Furlong Stephen on Oct 08 ’24. At $0.82 per share, Furlong Stephen sold 1,368 shares. The insider’s holdings dropped to 497,408 shares worth approximately $0.59 million following the completion of this transaction.
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Also, MACAN WILLIAM ANDREW sold 1,541 shares, netting a total of over 1,264 in proceeds. Following the sale of shares at $0.82 each, the insider now holds 402,792 shares.
Before that, Furlong Stephen had added 1,368 shares to its account. In a trade valued at $1,116, the Officer bought Neuronetics Inc shares for $0.82 each.
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 surge of approximately 11.21%. Over the course of the year, Neuronetics Inc shares have dropped approximately -58.97%. 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 $0.8904, while a 200-day SMA reached $2.2991. Nevertheless, trading volume fell to 0.75 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Neuronetics Inc (STIM)
According to the 24-hour chart, there is a support level at 1.1267, which, if violated, would cause prices to drop to 1.0633. In the upper region, resistance lies at 1.2267. The next price resistance is at 1.2633. RSI (Relative Strength Index) is 73.01 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1049, which suggests the price will decrease in the coming days. Percent R is at 3.23%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
