Inspire Medical Systems Inc’s recently made public that its Officer Ebeling Philip acquired Company’s shares for reported $1.35 million on Sep 11 ’24. In the deal valued at $247.28 per share,5,453 shares were bought.
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Then, McCormick Shawn sold 800 shares, generating $176,000 in total proceeds. Upon selling the shares at $220.00, the Director now owns 23,140 shares.
Before that, Rondoni John sold 31 shares. Inspire Medical Systems Inc shares valued at $6,665 were divested by the Chief Technology Officer at a price of $215.00 per share. As a result of the transaction, Rondoni John now holds 11,348 shares, worth roughly $2.36 million.
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 Monday, Inspire Medical Systems Inc [NYSE:INSP] saw its stock jump 1.93% to $207.93. Over the last five days, the stock has lost -1.70%. Inspire Medical Systems Inc shares have risen nearly 2.21% since the year began. Nevertheless, the stocks have fallen -3.62% 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 $169.54, while 200 days put it at $184.00.
Levels Of Support And Resistance For INSP Stock
The 24-hour chart illustrates a support level at 202.43, which if violated will result in even more drops to 196.94. On the upside, there is a resistance level at 212.74. A further resistance level may holdings at 217.56. The Relative Strength Index (RSI) on the 14-day chart is 65.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.89%. Stochastics %K at 59.53% indicates the stock is a holding.
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 2024-08-30, growing by 99149.0 shares to a total of 1.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.2 million shares. There was a rise of 7.62%, which implies that there is a positive 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.
