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. Cutera Inc shares valued at $74,266 were sold by Karavitis Michael on May 15 ’24. At $2.67 per share, Karavitis Michael sold 27,815 shares. The insider’s holdings dropped to 24,940 shares worth approximately $12719.4 following the completion of this transaction.
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Also, Karavitis Michael sold 24,940 shares, netting a total of over 64,595 in proceeds. Following the sale of shares at $2.59 each, the insider now holds 0 shares.
Before that, Karavitis Michael had sold 10,848 shares from its account. In a trade valued at $26,578, the EVP, Chief Technology Officer traded Cutera Inc shares for $2.45 each. Upon closing the transaction, the insider’s holdings decreased to 10,848 shares, worth approximately $26905.05.
As published in a research note from William Blair on March 22, 2024, Cutera Inc [CUTR] has been rated up from an Underperform to a Mkt perform. Analysts at Piper Sandler upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of May 11, 2023, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for CUTR.
Analyzing CUTR Stock Performance
During the last five days, there has been a drop of approximately -12.78%. Over the course of the year, Cutera Inc shares have dropped approximately -85.67%. Shares of the company reached a 52-week high of $4.9700 on 01/09/24 and a 52-week low of $0.5006 on 11/07/24. A 50-day SMA is recorded $0.6989, while a 200-day SMA reached $1.5856. Nevertheless, trading volume fell to 0.87 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for Cutera Inc (CUTR)
According to the 24-hour chart, there is a support level at 0.4766, which, if violated, would cause prices to drop to 0.4481. In the upper region, resistance lies at 0.5576. The next price resistance is at 0.6101. RSI (Relative Strength Index) is 30.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0642, which suggests the price will decrease in the coming days. Percent R is at 98.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
