An Analysis of Insulet Corporation (PODD)’s Potential Price Growth

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EURN Stock
EURN Stock

Insulet Corporation’s recently made public that its Director Petrovic Shacey unloaded Company’s shares for reported $3.48 million on Oct 03. In the deal valued at $231.80 per share,15,000 shares were sold. As a result of this transaction, Petrovic Shacey now holds 13,695 shares worth roughly $ 4.29 million.


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Then, Christensen Bret sold 2,900 shares, generating $766,296 in total proceeds. Upon selling the shares at $264.24, the EVP and CCO now owns 19,551 shares.

Before that, Petrovic Shacey sold 15,000 shares. Insulet Corporation shares valued at $3,343,500 were divested by the Director at a price of $222.90 per share. As a result of the transaction, Petrovic Shacey now holds 13,695 shares, worth roughly $4.29 million.

Piper Sandler upgraded its Insulet Corporation [PODD] rating to an Overweight from a a Neutral in a research note published on Friday, November 04, 2022; the price target was increased to $340 from $235. PT values the company’s stock at a premium of 7.94 to its Friday closing price. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid October with a ‘”an Equal weight”‘ rating. Jefferies began covering PODD with “Hold” recommendation on October 12, 2022. Citigroup revised its rating on July 11, 2022. It rated PODD as “a Neutral” which previously was an “a Buy”.

Price Performance Review of PODD

On Friday, Insulet Corporation [NASDAQ:PODD] saw its stock jump 22.58% to $313.00. On the same session, the stock had its day’s lowest price of $288.825, but rose to a high of $320.00. Over the last five days, the stock has gained 22.48%. Insulet Corporation shares have risen nearly 17.64% since the year began. Nevertheless, the stocks have risen 3.78% over the past one year. While a 52-week high of $324.81 was reached on 11/04/22, a 52-week low of $181.00 was recorded on 05/12/22. SMA at 50 days reached $246.66, while 200 days put it at $240.70. A total of 2.27 million shares were traded, compared to the trading of 0.87 million shares in the previous session.

Levels Of Support And Resistance For PODD Stock

The 24-hour chart illustrates a support level at 294.55, which if violated will result in even more drops to 276.10. On the upside, there is a resistance level at 325.73. A further resistance level may holdings at 338.45. The Relative Strength Index (RSI) on the 14-day chart is 76.58, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 30.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.28%. Stochastics %K at 86.20% indicates the stock is a selling.

How much short interest is there in Insulet Corporation?

A steep rise in short interest was recorded in Insulet Corporation stocks on Jul 14, 2022, growing by 70000.0 shares to a total of 2.81 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.74 million shares. There was a rise of 2.49%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.53% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.76.

Insulet Corporation [PODD] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 10,016,566 shares, or roughly 14.43% of the outstanding PODD shares. In other words, the investor’s shares have risen by 10,807 from its previous 13-F filing of 10005759.0. Additionally, Capital Research & Management Co decreased -2.69% of its stake after which the total value it holdings stand at $1,546,852,000, while The Vanguard Group, Inc. added 1.89% of its stake to hold $1.42 billion in the firm. Over the last quarter, Wellington Management Co. LLP purchased 1,792,734 shares of Insulet Corporation, while Capital Research & Management Co bought -121,435 shares. At present, T. Rowe Price Associates, Inc. is holding 3,467,820 shares valued at $795.52 million. BlackRock Fund Advisors owned 3,146,425 shares of the company at the time of its most recent 13F filing, worth $721.79 million.

According to FactSet, Insulet Corporation’s share price will average $306.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 19.44 percent from its previous closing price of $255.35. Analysts expect Insulet Corporation stock to reach the higher price of $350.00, while the lowest price estimate is $238.00. However, 19 analysts have rated PODD stock as an Overweight in their predictions for 2022.

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