In a filing, Inari Medical Inc revealed its President and CEO Hykes Andrew unloaded Company’s shares for reported $0.17 million on Jul 22 ’24. In the deal valued at $55.23 per share,3,000 shares were sold. As a result of this transaction, Hykes Andrew now holds 455,252 shares worth roughly $22.15 million.
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Then, Hoffman William sold 60,000 shares, generating $3,404,646 in total proceeds. Upon selling the shares at $56.74, the Director now owns 743,296 shares.
Before that, Tu Thomas sold 3,480 shares. Inari Medical Inc shares valued at $191,957 were divested by the Chief Medical Officer at a price of $55.16 per share. As a result of the transaction, Tu Thomas now holds 309,777 shares, worth roughly $15.07 million.
Deutsche Bank initiated its Inari Medical Inc [NARI] rating to a Buy in a research note published on August 09, 2024; the price target was $68. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late July with a ‘”an Outperform”‘ rating. Needham also remained covering NARI and has decreased its forecast on July 18, 2024 with a “Hold” recommendation from previously “Buy” rating. Piper Sandler revised its rating on February 29, 2024. It rated NARI as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of NARI
On Friday, Inari Medical Inc [NASDAQ:NARI] saw its stock fall -0.14% to $48.65. Over the last five days, the stock has gained 2.83%. Inari Medical Inc shares have fallen nearly -25.06% since the year began. Nevertheless, the stocks have fallen -22.75% over the past one year. While a 52-week high of $71.85 was reached on 01/02/24, a 52-week low of $36.73 was recorded on 04/22/24. SMA at 50 days reached $49.98, while 200 days put it at $51.86. A total of 0.59 million shares were traded, compared to the trading of 0.69 million shares in the previous session.
Levels Of Support And Resistance For NARI Stock
The 24-hour chart illustrates a support level at 47.93, which if violated will result in even more drops to 47.21. On the upside, there is a resistance level at 49.88. A further resistance level may holdings at 51.11. The Relative Strength Index (RSI) on the 14-day chart is 45.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.73%. Stochastics%K at 30.45% indicates the stock is a holding.
The most recent change occurred on January 23, 2024 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $72 price target.
