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SGHT (Sight Sciences Inc) may reap gains as insiders became active recently

Sight Sciences Inc’s recently made public that its EVP, Research & Development Raheja Manohar K. acquired Company’s shares for reported $19250.0 on Dec 06 ’24. In the deal valued at $3.85 per share,5,000 shares were bought. As a result of this transaction, Raheja Manohar K. now holds 111,000 shares worth roughly $0.39 million.

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Then, Raheja Manohar K. bought 3,376 shares, generating $13,133 in total proceeds. Upon buying the shares at $3.89, the EVP, Research & Development now owns 106,000 shares.

Before that, Raheja Manohar K. bought 4,624 shares. Sight Sciences Inc shares valued at $18,441 were divested by the EVP, Research & Development at a price of $3.99 per share. As a result of the transaction, Raheja Manohar K. now holds 102,624 shares, worth roughly $0.36 million.

UBS initiated its Sight Sciences Inc [SGHT] rating to a Buy in a research note published on December 06, 2024; the price target was $5.50. A number of analysts have revised their coverage, including Lake Street’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Lake Street began covering SGHT with “Buy” recommendation on August 21, 2024. William Blair revised its rating on September 12, 2023. It rated SGHT as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of SGHT

On Tuesday, Sight Sciences Inc [NASDAQ:SGHT] saw its stock jump 1.14% to $3.55. Over the last five days, the stock has lost -1.93%. Sight Sciences Inc shares have fallen nearly -31.20% since the year began. Nevertheless, the stocks have fallen -2.47% over the past one year. While a 52-week high of $8.45 was reached on 07/24/24, a 52-week low of $3.30 was recorded on 12/20/24. SMA at 50 days reached $4.37, while 200 days put it at $5.72.

Levels Of Support And Resistance For SGHT Stock

The 24-hour chart illustrates a support level at 3.48, which if violated will result in even more drops to 3.41. On the upside, there is a resistance level at 3.59. A further resistance level may holdings at 3.63. The Relative Strength Index (RSI) on the 14-day chart is 39.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.33%. Stochastics %K at 29.86% indicates the stock is a holding.

How much short interest is there in Sight Sciences Inc?

A steep rise in short interest was recorded in Sight Sciences Inc stocks on 2024-11-29, dropping by -0.14 million shares to a total of 0.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.12 million shares. There was a decline of -14.07%, which implies that there is a negative sentiment for the stock.

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