Inari Medical Inc’s filing revealed that its Director WILLIAM HOFFMAN acquired Company’s shares for reported $6.88 million on Aug 19 ’24. In the deal valued at $49.16 per share,140,000 shares were bought.
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Then, Hill, Mitch C. sold 5,000 shares, generating $239,964 in total proceeds. Upon selling the shares at $47.99, the Chief Financial Officer now owns 179,600 shares.
Before that, Hykes Andrew sold 3,000 shares. Inari Medical Inc shares valued at $165,690 were divested by the President and CEO at a price of $55.23 per share. As a result of the transaction, Hykes Andrew now holds 455,252 shares, worth roughly $22.69 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 Monday, Inari Medical Inc [NASDAQ:NARI] saw its stock jump 1.38% to $49.84. Over the last five days, the stock has gained 4.09%. Inari Medical Inc shares have fallen nearly -23.23% since the year began. Nevertheless, the stocks have fallen -22.60% over the past one year. While a 52-week high of $70.25 was reached on 01/02/24, a 52-week low of $36.73 was recorded on 04/22/24. SMA at 50 days reached $49.83, while 200 days put it at $51.58.
Levels Of Support And Resistance For NARI Stock
The 24-hour chart illustrates a support level at 48.91, which if violated will result in even more drops to 47.99. On the upside, there is a resistance level at 50.74. A further resistance level may holdings at 51.65. The Relative Strength Index (RSI) on the 14-day chart is 50.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.33%. Stochastics%K at 64.67% indicates the stock is a holding.
How much short interest is there in Inari Medical Inc?
A steep rise in short interest was recorded in Inari Medical Inc stocks on 2024-07-31, dropping by 80685.0 shares to a total of 4.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.66 million shares. There was a decline of -1.76%, which implies that there is a negative sentiment for the stock.
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.
