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A company insider recently sold 10,000 shares of Insight Enterprises Inc. [NSIT]. Should You also Consider to Sale?

Insight Enterprises Inc.’s recently made public that its Director ALLEN RICHARD E unloaded Company’s shares for reported $1.85 million on Feb 27 ’24. In the deal valued at $185.34 per share,10,000 shares were sold. As a result of this transaction, ALLEN RICHARD E now holds 30,647 shares worth roughly $5.6 million.

Then, Cowley Samuel C sold 7,278 shares, generating $1,365,478 in total proceeds. Upon selling the shares at $187.62, the Gen’l Counsel & Secretary now owns 23,009 shares.

Before that, PUSHOR KATHLEEN S sold 1,790 shares. Insight Enterprises Inc. shares valued at $331,357 were divested by the Director at a price of $185.12 per share. As a result of the transaction, PUSHOR KATHLEEN S now holds 5,800 shares, worth roughly $1.06 million.

Stifel downgraded its Insight Enterprises Inc. [NSIT] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. JP Morgan began covering NSIT with “Neutral” recommendation on July 14, 2022. JP Morgan revised its rating on June 16, 2021. It rated NSIT as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of NSIT

On Tuesday, Insight Enterprises Inc. [NASDAQ:NSIT] saw its stock fall -0.54% to $182.57. Over the last five days, the stock has lost -1.99%. Insight Enterprises Inc. shares have risen nearly 3.04% since the year began. Nevertheless, the stocks have risen 50.95% over the past one year. While a 52-week high of $194.57 was reached on 02/12/24, a 52-week low of $117.99 was recorded on 02/15/24. SMA at 50 days reached $184.63, while 200 days put it at $165.89. A total of 0.32 million shares were traded, compared to the trading of 0.12 million shares in the previous session.

Levels Of Support And Resistance For NSIT Stock

The 24-hour chart illustrates a support level at 179.97, which if violated will result in even more drops to 177.36. On the upside, there is a resistance level at 186.31. A further resistance level may holdings at 190.04. The Relative Strength Index (RSI) on the 14-day chart is 46.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.69%. Stochastics %K at 42.01% indicates the stock is a holding.

The most recent change occurred on September 24, 2020 when Barrington Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $68 price target.

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