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Taking a look at what insiders are doing to gauge the Insight Enterprises Inc. (NSIT)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Insight Enterprises Inc. shares valued at $260,321 were sold by PUSHOR KATHLEEN S on May 30 ’24. At $195.88 per share, PUSHOR KATHLEEN S sold 1,329 shares. The insider’s holdings dropped to 5,800 shares worth approximately $1.14 million following the completion of this transaction.

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Also, ValueAct Holdings, L.P. sold 450,000 shares, netting a total of over 86,620,500 in proceeds. Following the sale of shares at $192.49 each, the insider now holds 4,061,739 shares.

Before that, Gregory Adrian P had sold 2,750 shares from its account. In a trade valued at $538,536, the President, EMEA traded Insight Enterprises Inc. shares for $195.83 each. Upon closing the transaction, the insider’s holdings decreased to 2,750 shares, worth approximately $0.68 million.

As published in a research note from Stifel on April 12, 2023, Insight Enterprises Inc. [NSIT] has been rated down from a Buy to a Hold and the price target has been revised to $150. Analysts at Sidoti downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of July 14, 2022, JP Morgan has initiated its “Neutral” rating for NSIT. Earlier on June 16, 2021, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for NSIT stock which previously was a “an Overweight”.

Analyzing NSIT Stock Performance

During the last five days, there has been a drop of approximately -0.97%. Over the course of the year, Insight Enterprises Inc. shares have jumped approximately 10.60%. Shares of the company reached a 52-week high of $212.44 on 05/16/24 and a 52-week low of $168.31 on 02/15/24. A 50-day SMA is recorded $198.07, while a 200-day SMA reached $176.97. Nevertheless, trading volume fell to 54907.0 shares from 0.17 million shares the previous day.

Support And Resistance Levels for Insight Enterprises Inc. (NSIT)

According to the 24-hour chart, there is a support level at 198.13, which, if violated, would cause prices to drop to 196.62. In the upper region, resistance lies at 201.45. The next price resistance is at 203.26. RSI (Relative Strength Index) is 44.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.66, which suggests the price will decrease in the coming days. Percent R is at 60.18%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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