Inspire Medical Systems Inc’s recently made public that its CEO and President Herbert Timothy P. unloaded Company’s shares for reported $8.2 million on Apr 01 ’24. In the deal valued at $205.09 per share,40,000 shares were sold. As a result of this transaction, Herbert Timothy P. now holds 63,658 shares worth roughly $15.17 million.
Then, Griffin Jerry C sold 32 shares, generating $6,848 in total proceeds. Upon selling the shares at $213.99, the Director now owns 10,900 shares.
Before that, Griffin Jerry C sold 554 shares. Inspire Medical Systems Inc shares valued at $109,587 were divested by the Director at a price of $197.81 per share. As a result of the transaction, Griffin Jerry C now holds 10,636 shares, worth roughly $2.53 million.
Morgan Stanley initiated its Inspire Medical Systems Inc [INSP] rating to an Overweight in a research note published on March 19, 2024; the price target was $250. Jefferies began covering INSP with “Buy” recommendation on January 19, 2024. Stifel revised its rating on January 02, 2024. It rated INSP as “a Hold” which previously was an “a Buy”.
Price Performance Review of INSP
On Tuesday, Inspire Medical Systems Inc [NYSE:INSP] saw its stock jump 4.45% to $238.27. Over the last five days, the stock has gained 16.20%. Inspire Medical Systems Inc shares have risen nearly 17.13% since the year began. Nevertheless, the stocks have risen 1.82% over the past one year. While a 52-week high of $330.00 was reached on 04/09/24, a 52-week low of $123.27 was recorded on 01/03/24. SMA at 50 days reached $200.44, while 200 days put it at $207.39. A total of 0.46 million shares were traded, compared to the trading of 0.55 million shares in the previous session.
Levels Of Support And Resistance For INSP Stock
The 24-hour chart illustrates a support level at 231.91, which if violated will result in even more drops to 225.56. On the upside, there is a resistance level at 241.71. A further resistance level may holdings at 245.16. The Relative Strength Index (RSI) on the 14-day chart is 73.35, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.99%. Stochastics %K at 96.31% indicates the stock is a selling.
How much short interest is there in Inspire Medical Systems Inc?
A steep rise in short interest was recorded in Inspire Medical Systems Inc stocks on Mar 15, 2024, growing by 100000.0 shares to a total of 1.87 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.77 million shares. There was a rise of 5.35%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.06% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.74.
