Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SI-BONE Inc shares valued at $51,014 were sold by RECUPERO ANTHONY J on Jan 02 ’25. At $13.90 per share, RECUPERO ANTHONY J sold 3,670 shares. The insider’s holdings dropped to 222,814 shares worth approximately $3.21 million following the completion of this transaction.
Also, Maheshwari Anshul sold 5,304 shares, netting a total of over 73,802 in proceeds. Following the sale of shares at $13.91 each, the insider now holds 189,319 shares.
Before that, DUNN JEFFREY W had sold 1,609 shares from its account. In a trade valued at $20,001, the Director traded SI-BONE Inc shares for $12.43 each. Upon closing the transaction, the insider’s holdings decreased to 1,609 shares, worth approximately $0.29 million.
As published in a research note from Needham on August 06, 2024, SI-BONE Inc [SIBN] has been retained to a Buy and the price target has been revised to $19. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in late March. As of October 12, 2022, Jefferies has initiated its “Buy” rating for SIBN.
Analyzing SIBN Stock Performance
During the last five days, there has been a surge of approximately 2.71%. Over the course of the year, SI-BONE Inc shares have jumped approximately 2.71%. Shares of the company reached a 52-week high of $14.76 on 01/07/25 and a 52-week low of $13.63 on 01/02/25. A 50-day SMA is recorded $13.62, while a 200-day SMA reached $14.29. Nevertheless, trading volume fell to 0.21 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for SI-BONE Inc (SIBN)
According to the 24-hour chart, there is a support level at 14.05, which, if violated, would cause prices to drop to 13.69. In the upper region, resistance lies at 14.61. The next price resistance is at 14.81. RSI (Relative Strength Index) is 59.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.48, which suggests the price will decrease in the coming days. Percent R is at 17.88%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
