iRhythm Technologies Inc’s filing revealed that its President and CEO Blackford Quentin S. unloaded Company’s shares for reported $0.47 million on Mar 04 ’24. In the deal valued at $111.14 per share,4,221 shares were sold. As a result of this transaction, Blackford Quentin S. now holds 175,794 shares worth roughly $20.45 million.
Then, Day Mark J. sold 3,248 shares, generating $360,983 in total proceeds. Upon selling the shares at $111.14, the Chief Technology Officer now owns 61,164 shares.
Before that, Wilson Daniel G. sold 2,452 shares. iRhythm Technologies Inc shares valued at $272,515 were divested by the EVP, Corp Dev Inv Rel at a price of $111.14 per share. As a result of the transaction, Wilson Daniel G. now holds 30,515 shares, worth roughly $3.55 million.
Citigroup upgraded its iRhythm Technologies Inc [IRTC] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. Wells Fargo began covering IRTC with “an Overweight” recommendation on February 07, 2023. Wolfe Research revised its rating on November 07, 2022. It rated IRTC as “a Peer perform” which previously was an “an Underperform”.
Price Performance Review of IRTC
On Tuesday, iRhythm Technologies Inc [NASDAQ:IRTC] saw its stock jump 2.39% to $116.34. Over the last five days, the stock has gained 5.91%. iRhythm Technologies Inc shares have risen nearly 8.69% since the year began. Nevertheless, the stocks have fallen -16.72% over the past one year. While a 52-week high of $140.00 was reached on 02/29/24, a 52-week low of $70.24 was recorded on 01/03/24. SMA at 50 days reached $111.44, while 200 days put it at $101.26. A total of 0.2 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For IRTC Stock
The 24-hour chart illustrates a support level at 113.97, which if violated will result in even more drops to 111.61. On the upside, there is a resistance level at 117.56. A further resistance level may holdings at 118.79. The Relative Strength Index (RSI) on the 14-day chart is 59.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.12%. Stochastics %K at 75.45% indicates the stock is a holding.
