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PODD (Insulet Corporation) may reap gains as insiders became active recently

CHWY Stock

Insulet Corporation’s filing revealed that its Director Petrovic Shacey unloaded Company’s shares for reported $1.89 million on Feb 28 ’24. In the deal valued at $162.92 per share,11,609 shares were sold. As a result of this transaction, Petrovic Shacey now holds 2,567 shares worth roughly $0.43 million.

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Then, BORIO LUCIANA sold 72 shares, generating $14,910 in total proceeds. Upon selling the shares at $207.08, the Director now owns 2,278 shares.

Before that, Petrovic Shacey sold 20,000 shares. Insulet Corporation shares valued at $3,286,600 were divested by the Director at a price of $164.33 per share. As a result of the transaction, Petrovic Shacey now holds 2,567 shares, worth roughly $0.43 million.

Wolfe Research upgraded its Insulet Corporation [PODD] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in late December from “a Neutral” to “an Outperform”. Morgan Stanley also remained covering PODD and has increased its forecast on December 04, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Jefferies revised its rating on October 02, 2023. It rated PODD as “a Buy” which previously was an “a Hold”.

Price Performance Review of PODD

On Friday, Insulet Corporation [NASDAQ:PODD] saw its stock fall -6.55% to $165.90. Over the last five days, the stock has lost -4.89%. Insulet Corporation shares have fallen nearly -23.54% since the year began. Nevertheless, the stocks have fallen -48.61% over the past one year. While a 52-week high of $331.65 was reached on 01/02/24, a 52-week low of $125.82 was recorded on 04/25/24. SMA at 50 days reached $170.48, while 200 days put it at $182.94. A total of 3.12 million shares were traded, compared to the trading of 1.83 million shares in the previous session.

Levels Of Support And Resistance For PODD Stock

The 24-hour chart illustrates a support level at 154.64, which if violated will result in even more drops to 143.39. On the upside, there is a resistance level at 185.23. A further resistance level may holdings at 204.56. The Relative Strength Index (RSI) on the 14-day chart is 43.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 83.22%. Stochastics %K at 49.35% indicates the stock is a holding.

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