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Inspire Medical Systems Inc [INSP] Insider Activity: An Update for Investors

Inspire Medical Systems Inc’s recently made public that 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 $4.74 million.

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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 $1.83 million.

BofA Securities downgraded its Inspire Medical Systems Inc [INSP] rating to a Neutral from a a Buy in a research note published on May 08, 2024; the price target was decreased to $225 from $265. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Morgan Stanley began covering INSP with “an Overweight” recommendation on March 19, 2024.

Price Performance Review of INSP

On Friday, Inspire Medical Systems Inc [NYSE:INSP] saw its stock fall -3.75% to $167.83. Over the last five days, the stock has lost -32.79%. Inspire Medical Systems Inc shares have fallen nearly -17.50% since the year began. Nevertheless, the stocks have fallen -41.77% over the past one year. While a 52-week high of $330.00 was reached on 05/03/24, a 52-week low of $123.27 was recorded on 05/08/24. SMA at 50 days reached $214.62, while 200 days put it at $197.69. A total of 0.89 million shares were traded, compared to the trading of 1.45 million shares in the previous session.

Levels Of Support And Resistance For INSP Stock

The 24-hour chart illustrates a support level at 163.98, which if violated will result in even more drops to 160.14. On the upside, there is a resistance level at 174.76. A further resistance level may holdings at 181.70. The Relative Strength Index (RSI) on the 14-day chart is 30.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -57.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.06%. Stochastics %K at 11.64% indicates the stock is a buying.

The most recent change occurred on January 19, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $245 price target.

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