Insulet Corporation’s recently made public that its Director Petrovic Shacey unloaded Company’s shares for reported $1.89 million on Feb 28 ’24. In the deal valued at $162.92 per share,11,609 shares were sold. As a result of this transaction, Petrovic Shacey now holds 2,567 shares worth roughly $0.42 million.
Then, BORIO LUCIANA sold 72 shares, generating $14,910 in total proceeds. Upon selling the shares at $207.08, the Director now owns 2,278 shares.
Before that, Petrovic Shacey sold 20,000 shares. Insulet Corporation shares valued at $3,286,600 were divested by the Director at a price of $164.33 per share. As a result of the transaction, Petrovic Shacey now holds 2,567 shares, worth roughly $0.42 million.
Robert W. Baird upgraded its Insulet Corporation [PODD] rating to an Outperform from a a Neutral in a research note published on December 21, 2023; the price target was increased to $238 from $180. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early December from “an Equal-weight” to “an Overweight”. Jefferies also remained covering PODD and has increased its forecast on October 02, 2023 with a “Buy” recommendation from previously “Hold” rating. Citigroup revised its rating on August 21, 2023. It rated PODD as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PODD
On Friday, Insulet Corporation [NASDAQ:PODD] saw its stock jump 1.07% to $165.00. Over the last five days, the stock has lost -3.73%. Insulet Corporation shares have fallen nearly -23.96% since the year began. Nevertheless, the stocks have fallen -48.42% over the past one year. While a 52-week high of $335.91 was reached on 01/02/24, a 52-week low of $125.82 was recorded on 03/05/24. SMA at 50 days reached $179.18, while 200 days put it at $197.23. A total of 0.57 million shares were traded, compared to the trading of 0.45 million shares in the previous session.
Levels Of Support And Resistance For PODD Stock
The 24-hour chart illustrates a support level at 162.46, which if violated will result in even more drops to 159.93. On the upside, there is a resistance level at 166.75. A further resistance level may holdings at 168.51. The Relative Strength Index (RSI) on the 14-day chart is 41.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.52%. Stochastics %K at 19.19% 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 Mar 15, 2024, growing by 90000.0 shares to a total of 2.8 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.71 million shares. There was a rise of 3.21%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.72% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.54.
