Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Inspire Medical Systems Inc shares valued at $1,348,445 were purchased by Ebeling Philip on Sep 11 ’24. At $247.28 per share, Ebeling Philip acquired 5,453 shares.
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Also, McCormick Shawn sold 800 shares, netting a total of over 176,000 in proceeds. Following the sale of shares at $220.00 each, the insider now holds 23,140 shares.
Before that, Rondoni John had sold 31 shares from its account. In a trade valued at $6,665, the Chief Technology Officer traded Inspire Medical Systems Inc shares for $215.00 each. Upon closing the transaction, the insider’s holdings decreased to 31 shares, worth approximately $2.23 million.
As published in a research note from BofA Securities on May 08, 2024, Inspire Medical Systems Inc [INSP] has been rated down from a Buy to a Neutral and the price target has been revised to $225 from $265. Analysts at RBC Capital Mkts started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid April. As of March 19, 2024, Morgan Stanley has initiated its “an Overweight” rating for INSP.
Analyzing INSP Stock Performance
During the last five days, there has been a drop of approximately -5.17%. Over the course of the year, Inspire Medical Systems Inc shares have dropped approximately -3.53%. Shares of the company reached a 52-week high of $257.40 on 05/03/24 and a 52-week low of $123.00 on 07/26/24. A 50-day SMA is recorded $199.72, while a 200-day SMA reached $187.41. Nevertheless, trading volume fell to 0.51 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Inspire Medical Systems Inc (INSP)
According to the 24-hour chart, there is a support level at 194.93, which, if violated, would cause prices to drop to 193.63. In the upper region, resistance lies at 198.64. The next price resistance is at 201.05. RSI (Relative Strength Index) is 43.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.10, which suggests the price will decrease in the coming days. Percent R is at 98.89%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
