Staar Surgical Co’s filing revealed that its 10% Owner BROADWOOD PARTNERS, L.P. acquired Company’s shares for reported $0.45 million on Jan 14 ’25. In the deal valued at $21.46 per share,21,155 shares were bought. As a result of this transaction, BROADWOOD PARTNERS, L.P. now holds 10,869,786 shares worth roughly $250.11 million.
Then, BROADWOOD PARTNERS, L.P. bought 8,221 shares, generating $176,753 in total proceeds. Upon buying the shares at $21.50, the 10% Owner now owns 10,878,007 shares.
Before that, BROADWOOD PARTNERS, L.P. bought 53,500 shares. Staar Surgical Co shares valued at $1,297,084 were divested by the 10% Owner at a price of $24.24 per share. As a result of the transaction, BROADWOOD PARTNERS, L.P. now holds 10,821,931 shares, worth roughly $249.01 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 Tuesday, Staar Surgical Co [NASDAQ:STAA] saw its stock jump 3.23% to $23.01. Over the last five days, the stock has gained 2.36%. Staar Surgical Co shares have fallen nearly -5.27% since the year began. Nevertheless, the stocks have fallen -23.02% over the past one year. While a 52-week high of $52.68 was reached on 01/02/25, a 52-week low of $21.13 was recorded on 01/14/25. SMA at 50 days reached $25.67, while 200 days put it at $35.66.
Levels Of Support And Resistance For STAA Stock
The 24-hour chart illustrates a support level at 22.52, which if violated will result in even more drops to 22.03. On the upside, there is a resistance level at 23.54. A further resistance level may holdings at 24.07. The Relative Strength Index (RSI) on the 14-day chart is 43.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.99%. Stochastics %K at 32.78% 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 2024-12-31, growing by 0.77 million shares to a total of 3.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.76 million shares. There was a rise of 21.89%, which implies that there is a positive 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.
