Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Irobot Corp shares valued at $2,057,356 were sold by Angle Colin M on Feb 29 ’24. At $11.46 per share, Angle Colin M sold 179,503 shares. The insider’s holdings dropped to 14,797 shares worth approximately $0.1 million following the completion of this transaction.
As published in a research note from JP Morgan on May 06, 2022, Irobot Corp [IRBT] has been rated down from a Neutral to an Underweight and the price target has been revised to $45 from $65. Analysts at Northland Capital upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in late March. As of July 29, 2021, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for IRBT. Earlier on February 11, 2021, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for IRBT stock which previously was a “a Neutral”.
Analyzing IRBT Stock Performance
During the last five days, there has been a drop of approximately -2.70%. Over the course of the year, Irobot Corp shares have dropped approximately -82.33%. Shares of the company reached a 52-week high of $38.87 on 01/03/24 and a 52-week low of $6.60 on 04/23/24. A 50-day SMA is recorded $9.58, while a 200-day SMA reached $28.38. Nevertheless, trading volume fell to 0.82 million shares from 1.36 million shares the previous day.
Support And Resistance Levels for Irobot Corp (IRBT)
According to the 24-hour chart, there is a support level at 6.72, which, if violated, would cause prices to drop to 6.60. In the upper region, resistance lies at 7.00. The next price resistance is at 7.16. RSI (Relative Strength Index) is 32.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.17, which suggests the price will decrease in the coming days. Percent R is at 94.23%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
