Inspire Medical Systems Inc’s recent filing unveils that its Chief Commercial Officer Ban Randy unloaded Company’s shares for reported $3.12 million on Aug 15 ’24. In the deal valued at $193.10 per share,16,139 shares were sold. As a result of this transaction, Ban Randy now holds 3,056 shares worth roughly $0.57 million.
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Then, Ban Randy sold 4,861 shares, generating $916,549 in total proceeds. Upon selling the shares at $188.55, the Chief Commercial Officer now owns 3,056 shares.
Before that, RANDALL A BAN bought 4,861 shares. Inspire Medical Systems Inc shares valued at $916,560 were divested by the Officer at a price of $188.55 per share.
BofA Securities downgraded its Inspire Medical Systems Inc [INSP] rating to a Neutral from a a Buy in a research note published on May 08, 2024; the price target was decreased to $225 from $265. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Morgan Stanley began covering INSP with “an Overweight” recommendation on March 19, 2024.
Price Performance Review of INSP
On Tuesday, Inspire Medical Systems Inc [NYSE:INSP] saw its stock fall -4.43% to $185.44. Over the last five days, the stock has lost -3.51%. Inspire Medical Systems Inc shares have fallen nearly -8.84% since the year began. Nevertheless, the stocks have fallen -14.34% over the past one year. While a 52-week high of $257.40 was reached on 05/03/24, a 52-week low of $123.00 was recorded on 07/26/24. SMA at 50 days reached $153.74, while 200 days put it at $179.40.
Levels Of Support And Resistance For INSP Stock
The 24-hour chart illustrates a support level at 180.88, which if violated will result in even more drops to 176.32. On the upside, there is a resistance level at 192.09. A further resistance level may holdings at 198.75. The Relative Strength Index (RSI) on the 14-day chart is 63.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.65%. Stochastics%K at 83.52% indicates the stock is a selling.
How much short interest is there in Inspire Medical Systems Inc?
A steep rise in short interest was recorded in Inspire Medical Systems Inc stocks on 2024-07-31, dropping by -0.41 million shares to a total of 1.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.62 million shares. There was a decline of -34.4%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 19, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $245 price target.
