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Examining the Potential Price Growth of Irobot Corp (IRBT)


In a filing, Irobot Corp revealed its Director Angle Colin M unloaded Company’s shares for reported $2.06 million on Feb 29 ’24. In the deal valued at $11.46 per share,179,503 shares were sold. As a result of this transaction, Angle Colin M now holds 14,797 shares worth roughly $0.17 million.

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JP Morgan downgraded its Irobot Corp [IRBT] rating to an Underweight from a a Neutral in a research note published on May 06, 2022; the price target was decreased to $45 from $65. A number of analysts have revised their coverage, including Northland Capital’s analysts, who increased its forecast for the stock in late March from “a Market perform” to “an Outperform”. JP Morgan also remained covering IRBT and has decreased its forecast on July 29, 2021 with a “Neutral” recommendation from previously “an Overweight” rating. JP Morgan revised its rating on February 11, 2021. It rated IRBT as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of IRBT

On Friday, Irobot Corp [NASDAQ:IRBT] saw its stock fall -1.58% to $11.22. Over the last five days, the stock has gained 18.98%. Irobot Corp shares have fallen nearly -71.01% since the year began. Nevertheless, the stocks have fallen -68.69% over the past one year. While a 52-week high of $51.49 was reached on 01/03/24, a 52-week low of $6.48 was recorded on 04/25/24. SMA at 50 days reached $8.89, while 200 days put it at $26.13. A total of 1.47 million shares were traded, compared to the trading of 2.73 million shares in the previous session.

Levels Of Support And Resistance For IRBT Stock

The 24-hour chart illustrates a support level at 10.90, which if violated will result in even more drops to 10.57. On the upside, there is a resistance level at 11.55. A further resistance level may holdings at 11.87. The Relative Strength Index (RSI) on the 14-day chart is 68.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.67%. Stochastics %K at 94.08% indicates the stock is a selling.

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