Insulet Corporation (PODD) may enjoy gains as insiders got busy in the recent days


Insulet Corporation’s filing revealed that its President and CEO Hollingshead James acquired Company’s shares for reported $1.01 million on Aug 28. In the deal valued at $181.41 per share,5,550 shares were bought. As a result of this transaction, Hollingshead James now holds 34,177 shares worth roughly $ 5.84 million.

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Then, McMillan Wayde D. sold 1,388 shares, generating $392,721 in total proceeds. Upon selling the shares at $282.94, the EVP, CFO now owns 21,477 shares.

Before that, Manea Dan sold 175 shares. Insulet Corporation shares valued at $50,750 were divested by the SVP, Chief HR Officer at a price of $290.00 per share. As a result of the transaction, Manea Dan now holds 4,522 shares, worth roughly $0.77 million.

Citigroup upgraded its Insulet Corporation [PODD] rating to a Buy from a a Neutral in a research note published on Monday, August 21, 2023; the price target was decreased to $265 from $273. PT values the company’s stock at a premium of 35.48 to its Monday closing price.

Price Performance Review of PODD

On Monday, Insulet Corporation [NASDAQ:PODD] saw its stock jump 0.77% to $170.98. On the same session, the stock had its day’s lowest price of $168.14, but rose to a high of $172.68. Over the last five days, the stock has lost -2.44%. Insulet Corporation shares have fallen nearly -41.92% since the year began. Nevertheless, the stocks have fallen -34.02% over the past one year. While a 52-week high of $335.91 was reached on 05/05/23, a 52-week low of $166.03 was recorded on 09/15/23. SMA at 50 days reached $230.76, while 200 days put it at $282.39. A total of 1.04 million shares were traded, compared to the trading of 2.42 million shares in the previous session.

Levels Of Support And Resistance For PODD Stock

The 24-hour chart illustrates a support level at 168.52, which if violated will result in even more drops to 166.06. On the upside, there is a resistance level at 173.06. A further resistance level may holdings at 175.14. The Relative Strength Index (RSI) on the 14-day chart is 29.23, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.82%. Stochastics %K at 10.22% indicates the stock is a buying.

How much short interest is there in Insulet Corporation?

A steep rise in short interest was recorded in Insulet Corporation stocks on Aug 30, 2023, growing by 0.57 million shares to a total of 3.33 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 2.76 million shares. There was a rise of 17.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.63% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.44.

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

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 8,638,899 shares, or roughly 12.37% of the outstanding PODD shares. In other words, the investor’s shares have fallen by -663,345 from its previous 13-F filing of 9302244.0. Additionally, The Vanguard Group, Inc. increased 1.11% of its stake after which the total value it holdings stand at $1,474,831,356, while Wellington Management Co. LLP added 2.21% of its stake to hold $1.01 billion in the firm. Over the last quarter, Capital Research & Management Co sold -390,886 shares of Insulet Corporation, while BlackRock Fund Advisors sold 158,489 shares. At present, Capital Research & Management Co is holding 3,354,604 shares valued at $643.11 million. SSgA Funds Management, Inc. owned 2,890,501 shares of the company at the time of its most recent 13F filing, worth $554.14 million.

According to FactSet, Insulet Corporation’s share price will average $281.39 in the next year, based on opinions of analysts polled by the firm. This is up nearly 65.02 percent from its previous closing price of $169.68. Analysts expect Insulet Corporation stock to reach the higher price of $360.00, while the lowest price estimate is $208.00. However, 22 analysts have rated PODD stock as an Overweight in their predictions for 2023.


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