Staar Surgical Co’s recently made public that its Director Butcher Arthur C acquired Company’s shares for reported $49957.0 on Aug 12 ’24. In the deal valued at $37.99 per share,1,315 shares were bought. As a result of this transaction, Butcher Arthur C now holds 4,208 shares worth roughly $0.12 million.
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Then, BROADWOOD PARTNERS, L.P. bought 1 shares, generating $43 in total proceeds. Upon buying the shares at $42.56, the 10% Owner now owns 10,768,431 shares.
Before that, WEISNER AIMEE S bought 1,750 shares. Staar Surgical Co shares valued at $66,692 were divested by the Director at a price of $38.11 per share. As a result of the transaction, WEISNER AIMEE S now holds 10,864 shares, worth roughly $0.3 million.
Morgan Stanley downgraded its Staar Surgical Co [STAA] rating to an Underweight from a an Equal-weight in a research note published on July 15, 2024; the price target was decreased to $37 from $50. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “a Buy”. Stifel also remained covering STAA and has increased its forecast on March 11, 2024 with a “Buy” recommendation from previously “Hold” rating. Needham revised its rating on December 05, 2023. It rated STAA as “a Hold” which previously was an “a Buy”.
Price Performance Review of STAA
On Monday, Staar Surgical Co [NASDAQ:STAA] saw its stock fall -4.74% to $27.72. Over the last five days, the stock has gained 3.90%. Staar Surgical Co shares have fallen nearly -11.18% since the year began. Nevertheless, the stocks have fallen -11.61% over the past one year. While a 52-week high of $52.68 was reached on 04/09/24, a 52-week low of $25.88 was recorded on 11/20/24. SMA at 50 days reached $30.57, while 200 days put it at $37.47.
Levels Of Support And Resistance For STAA Stock
The 24-hour chart illustrates a support level at 27.21, which if violated will result in even more drops to 26.70. On the upside, there is a resistance level at 28.53. A further resistance level may holdings at 29.34. The Relative Strength Index (RSI) on the 14-day chart is 44.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.41%. Stochastics %K at 49.65% indicates the stock is a holding.
How much short interest is there in Staar Surgical Co?
A steep rise in short interest was recorded in Staar Surgical Co stocks on 2024-11-15, dropping by -1.35 million shares to a total of 2.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.18 million shares. There was a decline of -47.65%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 04, 2023 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $35 price target.
