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iRhythm Technologies Inc [IRTC] President and CEO makes an insider sale of 4,221 shares worth 469,122.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. iRhythm Technologies Inc shares valued at $469,122 were sold by Blackford Quentin S. on Mar 04 ’24. At $111.14 per share, Blackford Quentin S. sold 4,221 shares. The insider’s holdings dropped to 175,794 shares worth approximately $19.64 million following the completion of this transaction.

Also, Day Mark J. sold 3,248 shares, netting a total of over 360,983 in proceeds. Following the sale of shares at $111.14 each, the insider now holds 61,164 shares.

Before that, Wilson Daniel G. had sold 2,452 shares from its account. In a trade valued at $272,515, the EVP, Corp Dev Inv Rel traded iRhythm Technologies Inc shares for $111.14 each. Upon closing the transaction, the insider’s holdings decreased to 2,452 shares, worth approximately $3.41 million.

As published in a research note from Citigroup on December 11, 2023, iRhythm Technologies Inc [IRTC] has been rated up from a Neutral to a Buy and the price target has been revised to $110. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of February 07, 2023, Wells Fargo has initiated its “an Overweight” rating for IRTC. Earlier on November 07, 2022, Wolfe Research upgraded its rating. Their new recommendation was “a Peer perform” for IRTC stock which previously was a “an Underperform”.

Analyzing IRTC Stock Performance

During the last five days, there has been a drop of approximately -4.03%. Over the course of the year, iRhythm Technologies Inc shares have jumped approximately 4.39%. Shares of the company reached a 52-week high of $124.11 on 02/29/24 and a 52-week low of $97.50 on 01/03/24. A 50-day SMA is recorded $111.03, while a 200-day SMA reached $101.57. Nevertheless, trading volume fell to 0.49 million shares from 0.36 million shares the previous day.

Support And Resistance Levels for iRhythm Technologies Inc (IRTC)

According to the 24-hour chart, there is a support level at 109.28, which, if violated, would cause prices to drop to 106.82. In the upper region, resistance lies at 113.70. The next price resistance is at 115.66. RSI (Relative Strength Index) is 50.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.99, which suggests the price will decrease in the coming days. Percent R is at 60.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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