Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Insulet Corporation shares valued at $1,333,570 were sold by Scannell Timothy J on Jun 10 ’24. At $190.51 per share, Scannell Timothy J sold 7,000 shares. The insider’s holdings dropped to 35,586 shares worth approximately $7.18 million following the completion of this transaction.
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Also, Field Mark N sold 2,131 shares, netting a total of over 405,806 in proceeds. Following the sale of shares at $190.43 each, the insider now holds 14,375 shares.
Before that, BORIO LUCIANA had sold 360 shares from its account. In a trade valued at $65,729, the Director traded Insulet Corporation shares for $182.58 each. Upon closing the transaction, the insider’s holdings decreased to 360 shares, worth approximately $0.67 million.
As published in their initiating research note from Redburn Atlantic on May 30, 2024, Insulet Corporation [PODD] has been a Buy and the price target has been revised to $235. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early May. As of December 21, 2023, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for PODD. Earlier on December 04, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for PODD stock which previously was a “an Equal-weight”.
Analyzing PODD Stock Performance
During the last five days, there has been a surge of approximately 4.90%. Over the course of the year, Insulet Corporation shares have dropped approximately -6.98%. Shares of the company reached a 52-week high of $217.46 on 01/02/24 and a 52-week low of $160.19 on 05/14/24. A 50-day SMA is recorded $176.64, while a 200-day SMA reached $177.53. Nevertheless, trading volume fell to 0.93 million shares from 1.07 million shares the previous day.
Support And Resistance Levels for Insulet Corporation (PODD)
According to the 24-hour chart, there is a support level at 197.18, which, if violated, would cause prices to drop to 192.52. In the upper region, resistance lies at 205.62. The next price resistance is at 209.40. RSI (Relative Strength Index) is 68.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.17, which suggests the price will increase in the coming days. Percent R is at 8.54%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
