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Insider Selling: Hobby Jean M., Integer Holdings Corp [ITGR] Director divested 11,960 shares

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Integer Holdings Corp shares valued at $1,431,132 were sold by Hobby Jean M. on Jul 31 ’24. At $119.66 per share, Hobby Jean M. sold 11,960 shares. The insider’s holdings dropped to 2,280 shares worth approximately $0.3 million following the completion of this transaction.

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Also, MAXWELL MARTIN C sold 4,700 shares, netting a total of over 558,724 in proceeds. Following the sale of shares at $118.88 each, the insider now holds 20,656 shares.

Before that, Harris John A had sold 3,400 shares from its account. In a trade valued at $420,920, the EVP, Global Ops and Manufactur traded Integer Holdings Corp shares for $123.80 each. Upon closing the transaction, the insider’s holdings decreased to 3,400 shares, worth approximately $0.2 million.

As published in their initiating research note from Oppenheimer on July 16, 2024, Integer Holdings Corp [ITGR] has been an Outperform and the price target has been revised to $135. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of April 15, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for ITGR. Earlier on March 14, 2024, CL King initiated its rating. Their recommendation was “a Buy” for ITGR stock.

Analyzing ITGR Stock Performance

During the last five days, there has been a surge of approximately 1.03%. Over the course of the year, Integer Holdings Corp shares have jumped approximately 32.28%. Shares of the company reached a 52-week high of $133.53 on 10/16/24 and a 52-week low of $94.56 on 02/15/24. A 50-day SMA is recorded $125.86, while a 200-day SMA reached $116.09. Nevertheless, trading volume fell to 0.55 million shares from 0.14 million shares the previous day.

Support And Resistance Levels for Integer Holdings Corp (ITGR)

According to the 24-hour chart, there is a support level at 129.92, which, if violated, would cause prices to drop to 128.77. In the upper region, resistance lies at 132.87. The next price resistance is at 134.67. RSI (Relative Strength Index) is 57.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.71, which suggests the price will increase in the coming days. Percent R is at 26.99%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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