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. 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 $0.27 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 $3.12 million.
Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in late April. As of October 23, 2023, JMP Securities has initiated its “Mkt outperform” rating for ATRC. Earlier on September 29, 2023, UBS initiated its rating. Their recommendation was “a Buy” for ATRC stock.
Analyzing ATRC Stock Performance
During the last five days, there has been a drop of approximately -9.19%. Over the course of the year, Atricure Inc shares have dropped approximately -15.24%. 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 $32.99, while a 200-day SMA reached $26.99. Nevertheless, trading volume fell to 0.51 million shares from 0.43 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 29.60, which, if violated, would cause prices to drop to 28.96. In the upper region, resistance lies at 31.39. The next price resistance is at 32.52. RSI (Relative Strength Index) is 29.13 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.69, which suggests the price will decrease in the coming days. Percent R is at 97.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
