In a filing, Inspire Medical Systems Inc revealed its Chief Financial Officer Buchholz Richard unloaded Company’s shares for reported $3.45 million on Apr 17 ’24. In the deal valued at $230.03 per share,15,000 shares were sold. As a result of this transaction, Buchholz Richard now holds 28,271 shares worth roughly $6.48 million.
Then, Herbert Timothy P. sold 40,000 shares, generating $8,203,581 in total proceeds. Upon selling the shares at $205.09, the CEO and President now owns 63,658 shares.
Before that, Griffin Jerry C sold 32 shares. Inspire Medical Systems Inc shares valued at $6,848 were divested by the Director at a price of $213.99 per share. As a result of the transaction, Griffin Jerry C now holds 10,900 shares, worth roughly $2.5 million.
RBC Capital Mkts initiated its Inspire Medical Systems Inc [INSP] rating to an Outperform in a research note published on April 19, 2024; the price target was $285. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid March with a ‘”an Overweight”‘ rating. Jefferies started covering the stock on January 19, 2024. It rated INSP as “a Buy”.
Price Performance Review of INSP
On Friday, Inspire Medical Systems Inc [NYSE:INSP] saw its stock fall -4.95% to $229.22. Over the last five days, the stock has lost -1.09%. Inspire Medical Systems Inc shares have risen nearly 12.68% since the year began. Nevertheless, the stocks have fallen -13.04% over the past one year. While a 52-week high of $330.00 was reached on 04/18/24, a 52-week low of $123.27 was recorded on 01/03/24. SMA at 50 days reached $203.33, while 200 days put it at $204.05. A total of 0.56 million shares were traded, compared to the trading of 0.88 million shares in the previous session.
Levels Of Support And Resistance For INSP Stock
The 24-hour chart illustrates a support level at 223.53, which if violated will result in even more drops to 217.84. On the upside, there is a resistance level at 239.78. A further resistance level may holdings at 250.34. The Relative Strength Index (RSI) on the 14-day chart is 56.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.92%. Stochastics %K at 74.77% indicates the stock is a holding.
