Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Atricure Inc shares valued at $84,245 were sold by Yuen Maggie on Aug 15 ’24. At $24.07 per share, Yuen Maggie sold 3,500 shares. The insider’s holdings dropped to 8,970 shares worth approximately $0.32 million following the completion of this transaction.
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Also, Yuen Maggie purchased 3,500 shares, netting a total of over 84,245 in proceeds.
Before that, Privitera Salvatore had added 5,000 shares to its account. In a trade valued at $111,250, the Chief Technical Officer bought Atricure Inc shares for $22.25 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $3.74 million.
As published in a research note from Oppenheimer on April 23, 2024, Atricure Inc [ATRC] has been rated up from a Perform to an Outperform and the price target has been revised to $32. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in late October. As of September 29, 2023, UBS has initiated its “Buy” rating for ATRC. Earlier on August 05, 2021, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for ATRC stock which previously was a “an Outperform”.
Analyzing ATRC Stock Performance
During the last five days, there has been a drop of approximately -3.77%. Over the course of the year, Atricure Inc shares have jumped approximately 1.43%. Shares of the company reached a 52-week high of $39.04 on 03/07/24 and a 52-week low of $18.94 on 06/18/24. A 50-day SMA is recorded $29.72, while a 200-day SMA reached $26.90. Nevertheless, trading volume fell to 0.75 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Atricure Inc (ATRC)
According to the 24-hour chart, there is a support level at 35.77, which, if violated, would cause prices to drop to 35.35. In the upper region, resistance lies at 37.01. The next price resistance is at 37.83. RSI (Relative Strength Index) is 66.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.71, which suggests the price will increase in the coming days. Percent R is at 20.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
