In a filing, Cutera Inc revealed its EVP, Chief Technology Officer Karavitis Michael unloaded Company’s shares for reported $74266.0 on May 15 ’24. In the deal valued at $2.67 per share,27,815 shares were sold. As a result of this transaction, Karavitis Michael now holds 24,940 shares worth roughly $14215.8.
Then, Karavitis Michael sold 24,940 shares, generating $64,595 in total proceeds. Upon selling the shares at $2.59, the EVP, Chief Technology Officer now owns 0 shares.
Before that, Karavitis Michael sold 10,848 shares. Cutera Inc shares valued at $26,578 were divested by the EVP, Chief Technology Officer at a price of $2.45 per share. As a result of the transaction, Karavitis Michael now holds 52,755 shares, worth roughly $30070.35.
William Blair upgraded its Cutera Inc [CUTR] rating to a Mkt perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in late July from “an Underweight” to “a Neutral”. William Blair also remained covering CUTR and has decreased its forecast on May 11, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating.
Price Performance Review of CUTR
On Tuesday, Cutera Inc [NASDAQ:CUTR] saw its stock fall -8.28% to $0.57. Over the last five days, the stock has gained 63.46%. Cutera Inc shares have risen nearly 61.09% since the year began. Nevertheless, the stocks have fallen -81.24% over the past one year. While a 52-week high of $4.97 was reached on 01/06/25, a 52-week low of $0.28 was recorded on 01/02/25. SMA at 50 days reached $0.4224, while 200 days put it at $1.1716.
Levels Of Support And Resistance For CUTR Stock
The 24-hour chart illustrates a support level at 0.4758, which if violated will result in even more drops to 0.3832. On the upside, there is a resistance level at 0.7044. A further resistance level may holdings at 0.8404. The Relative Strength Index (RSI) on the 14-day chart is 67.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1647, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.04%. Stochastics %K at 57.04% indicates the stock is a holding.
How much short interest is there in Cutera Inc?
A steep rise in short interest was recorded in Cutera Inc stocks on 2024-12-13, growing by 45997.0 shares to a total of 4.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.04 million shares. There was a rise of 1.13%, which implies that there is a positive sentiment for the stock.
