Insulet Corporation’s recently made public that its SVP & Chief Technology Officer Field Mark N unloaded Company’s shares for reported $0.3 million on Jun 14 ’24. In the deal valued at $199.96 per share,1,500 shares were sold. As a result of this transaction, Field Mark N now holds 12,875 shares worth roughly $2.53 million.
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Then, Scannell Timothy J sold 7,000 shares, generating $1,333,570 in total proceeds. Upon selling the shares at $190.51, the Director now owns 35,586 shares.
Before that, Field Mark N sold 2,131 shares. Insulet Corporation shares valued at $405,806 were divested by the SVP & Chief Technology Officer at a price of $190.43 per share. As a result of the transaction, Field Mark N now holds 14,375 shares, worth roughly $2.82 million.
Redburn Atlantic initiated its Insulet Corporation [PODD] rating to a Buy in a research note published on May 30, 2024; the price target was $235. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early May from “a Peer perform” to “an Outperform”. Robert W. Baird also remained covering PODD and has increased its forecast on December 21, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on December 04, 2023. It rated PODD as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of PODD
On Monday, Insulet Corporation [NASDAQ:PODD] saw its stock fall -2.79% to $196.16. Over the last five days, the stock has lost -3.81%. Insulet Corporation shares have fallen nearly -9.60% since the year began. Nevertheless, the stocks have fallen -32.59% over the past one year. While a 52-week high of $295.00 was reached on 01/02/24, a 52-week low of $125.82 was recorded on 05/14/24. SMA at 50 days reached $183.31, while 200 days put it at $178.46. A total of 0.7 million shares were traded, compared to the trading of 0.92 million shares in the previous session.
Levels Of Support And Resistance For PODD Stock
The 24-hour chart illustrates a support level at 191.25, which if violated will result in even more drops to 186.33. On the upside, there is a resistance level at 204.99. A further resistance level may holdings at 213.81. The Relative Strength Index (RSI) on the 14-day chart is 52.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.27%. Stochastics%K at 64.60% indicates the stock is a holding.
