Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Accuray Inc shares valued at $17,276 were sold by Pervaiz Ali on Sep 04 ’24. At $2.06 per share, Pervaiz Ali sold 8,404 shares. The insider’s holdings dropped to 394,138 shares worth approximately $0.9 million following the completion of this transaction.
Also, Pervaiz Ali sold 2,701 shares, netting a total of over 4,597 in proceeds. Following the sale of shares at $1.70 each, the insider now holds 402,542 shares.
Before that, WHITTERS JOSEPH E had added 50,000 shares to its account. In a trade valued at $79,000, the Director bought Accuray Inc shares for $1.58 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $1.28 million.
As published in their initiating research note from ROTH MKM on February 13, 2024, Accuray Inc [ARAY] has been a Buy and the price target has been revised to $9. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of December 22, 2021, Loop Capital has initiated its “Buy” rating for ARAY. Earlier on January 21, 2020, BTIG Research upgraded its rating. Their new recommendation was “a Buy” for ARAY stock which previously was a “a Neutral”.
Analyzing ARAY Stock Performance
During the last five days, there has been a surge of approximately 3.64%. Over the course of the year, Accuray Inc shares have jumped approximately 15.15%. Shares of the company reached a 52-week high of $2.34 on 01/16/25 and a 52-week low of $1.88 on 01/02/25. A 50-day SMA is recorded $2.01, while a 200-day SMA reached $1.91. Nevertheless, trading volume fell to 0.55 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Accuray Inc (ARAY)
According to the 24-hour chart, there is a support level at 2.20, which, if violated, would cause prices to drop to 2.12. In the upper region, resistance lies at 2.34. The next price resistance is at 2.40. RSI (Relative Strength Index) is 62.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 11.32%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
