Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tactile Systems Technology Inc shares valued at $20,263 were sold by Ferstler Sherri Lee on Aug 12 ’24. At $13.07 per share, Ferstler Sherri Lee sold 1,550 shares. The insider’s holdings dropped to 38,764 shares worth approximately $0.67 million following the completion of this transaction.
Also, Ferstler Sherri Lee purchased 1,550 shares, netting a total of over 20,262 in proceeds.
Before that, Birkemeyer Elaine M. had sold 3,041 shares from its account. In a trade valued at $41,590, the Chief Financial Officer traded Tactile Systems Technology Inc shares for $13.68 each. Upon closing the transaction, the insider’s holdings decreased to 3,041 shares, worth approximately $1.05 million.
As published in a research note from Oppenheimer on November 05, 2024, Tactile Systems Technology Inc [TCMD] has been rated down from an Outperform to a Perform. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of September 26, 2024, B. Riley Securities has initiated its “Buy” rating for TCMD. Earlier on November 13, 2020, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for TCMD stock which previously was a “a Perform”.
Analyzing TCMD Stock Performance
During the last five days, there has been a drop of approximately -4.40%. Over the course of the year, Tactile Systems Technology Inc shares have jumped approximately 0.23%. Shares of the company reached a 52-week high of $18.51 on 01/30/25 and a 52-week low of $16.94 on 01/02/25. A 50-day SMA is recorded $17.78, while a 200-day SMA reached $14.50. Nevertheless, trading volume fell to 1.24 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for Tactile Systems Technology Inc (TCMD)
According to the 24-hour chart, there is a support level at 16.93, which, if violated, would cause prices to drop to 16.69. In the upper region, resistance lies at 17.63. The next price resistance is at 18.09. RSI (Relative Strength Index) is 44.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 94.11%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
