Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Insulet Corporation shares valued at $1,718,283 were sold by Hopfield Jessica on Sep 11 ’24. At $225.26 per share, Hopfield Jessica sold 7,628 shares. The insider’s holdings dropped to 26,917 shares worth approximately $6.36 million following the completion of this transaction.
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Also, Scannell Timothy J sold 5,000 shares, netting a total of over 1,129,200 in proceeds. Following the sale of shares at $225.84 each, the insider now holds 30,586 shares.
Before that, Hopfield Jessica had added 7,628 shares to its account. In a trade valued at $1,718,283, the Director bought Insulet Corporation shares for $225.26 each.
As published in their initiating research note from Redburn Atlantic on May 30, 2024, Insulet Corporation [PODD] has been a Buy and the price target has been revised to $235. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early May. As of December 21, 2023, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for PODD. Earlier on December 04, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for PODD stock which previously was a “an Equal-weight”.
Analyzing PODD Stock Performance
During the last five days, there has been a surge of approximately 3.68%. Over the course of the year, Insulet Corporation shares have jumped approximately 8.82%. Shares of the company reached a 52-week high of $243.98 on 09/17/24 and a 52-week low of $160.19 on 05/14/24. A 50-day SMA is recorded $201.40, while a 200-day SMA reached $190.46. Nevertheless, trading volume fell to 0.52 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Insulet Corporation (PODD)
According to the 24-hour chart, there is a support level at 232.85, which, if violated, would cause prices to drop to 229.58. In the upper region, resistance lies at 238.28. The next price resistance is at 240.44. RSI (Relative Strength Index) is 75.16 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.67, which suggests the price will increase in the coming days. Percent R is at 17.77%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
