Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. iRhythm Technologies Inc shares valued at $96,506 were sold by Bobzien Brice on Aug 09 ’24. At $70.34 per share, Bobzien Brice sold 1,372 shares. The insider’s holdings dropped to 24,428 shares worth approximately $1.85 million following the completion of this transaction.
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Also, Patterson Chad purchased 280 shares, netting a total of over 20,994 in proceeds. Following the buying of shares at $74.98 each, the insider now holds 40,145 shares.
Before that, Patterson Chad had sold 3,012 shares from its account. In a trade valued at $224,876, the Chief Commercial Officer traded iRhythm Technologies Inc shares for $74.66 each. Upon closing the transaction, the insider’s holdings decreased to 3,012 shares, worth approximately $2.81 million.
As published in their initiating research note from Goldman on October 04, 2024, iRhythm Technologies Inc [IRTC] has been a Neutral and the price target has been revised to $78. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid June. As of December 11, 2023, Citigroup has increased its “Neutral” rating to a “Buy” for IRTC. Earlier on July 19, 2023, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for IRTC stock.
Analyzing IRTC Stock Performance
During the last five days, there has been a surge of approximately 1.90%. Over the course of the year, iRhythm Technologies Inc shares have dropped approximately -29.21%. Shares of the company reached a 52-week high of $124.11 on 02/29/24 and a 52-week low of $55.92 on 10/14/24. A 50-day SMA is recorded $69.09, while a 200-day SMA reached $93.91. Nevertheless, trading volume fell to 0.78 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for iRhythm Technologies Inc (IRTC)
According to the 24-hour chart, there is a support level at 74.43, which, if violated, would cause prices to drop to 73.09. In the upper region, resistance lies at 77.82. The next price resistance is at 79.87. RSI (Relative Strength Index) is 61.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.00, which suggests the price will increase in the coming days. Percent R is at 12.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
