About this star :

A double star of 4th and 9th magnitudes marking the left sandal of Perseus, the Rescuer [Hermes/Mercury, the messenger-god, presented Perseus with wings for his sandals so that he could move swiftly through space and also allowed him to hover in space].

The Arabic name for Atik is Al-'Atiq, "The shoulder" of the Pleiades (meaning close to the Pleiades - as it is in longitude) - early Arabic astronomy had many different figures for the constellations from which we inherit the star names. (Allen).

Influence of the constellation : 

 It gives an intelligent, strong, bold and adventurous nature, but a tendency to lying.  By the Kabalists it is associated with the Hebrew letter Lamed and the 12^th Tarot Trump "The Hanged Man". (Robson).   

The constellation is indicative of events effecting large numbers of people, especially those events caused by major meteorological phenomena. When prominent in a natal chart it is said to denote adventurous individuals, but also those who are less than honest in their dealings with others. (Noonan).