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Recent Insider Activity Could Benefit Sharps Technology Inc (STSS)

Sharps Technology Inc’s filing revealed that its Chief Executive Officer Hayes Robert Michael acquired Company’s shares for reported $6565.0 on Dec 04 ’24. In the deal valued at $1.99 per share,3,300 shares were bought. As a result of this transaction, Hayes Robert Michael now holds 99,182 shares worth roughly $38680.98.

Then, Hayes Robert Michael bought 1,700 shares, generating $3,507 in total proceeds. Upon buying the shares at $2.06, the Chief Executive Officer now owns 100,882 shares.

Before that, Hayes Robert Michael bought 10,000 shares. Sharps Technology Inc shares valued at $3,400 were divested by the Chief Executive Officer at a price of $0.34 per share. As a result of the transaction, Hayes Robert Michael now holds 95,882 shares, worth roughly $37393.98.

Price Performance Review of STSS

On Friday, Sharps Technology Inc [NASDAQ:STSS] saw its stock fall -3.46% to $0.39. Over the last five days, the stock has lost -76.30%. Sharps Technology Inc shares have fallen nearly -81.02% since the year began. Nevertheless, the stocks have fallen -95.01% over the past one year. While a 52-week high of $18.15 was reached on 01/06/25, a 52-week low of $0.34 was recorded on 01/30/25. SMA at 50 days reached $2.1379, while 200 days put it at $4.4365.

Levels Of Support And Resistance For STSS Stock

The 24-hour chart illustrates a support level at 0.3754, which if violated will result in even more drops to 0.3598. On the upside, there is a resistance level at 0.4128. A further resistance level may holdings at 0.4346. The Relative Strength Index (RSI) on the 14-day chart is 13.25, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.0265, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.88%. Stochastics %K at 2.63% indicates the stock is a buying.

How much short interest is there in Sharps Technology Inc?

A steep rise in short interest was recorded in Sharps Technology Inc stocks on 2024-10-31, dropping by 22893.0 shares to a total of 43298.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 66191.0 shares. There was a decline of -52.87%, which implies that there is a negative sentiment for the stock.

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