Inspire Medical Systems Inc’s recently made public that its Officer JOHN RONDONI acquired Company’s shares for reported $1.68 million on Nov 01 ’24. In the deal valued at $193.46 per share,8,703 shares were bought.
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Then, Ebeling Philip bought 5,453 shares, generating $1,348,445 in total proceeds.
Before that, McCormick Shawn sold 800 shares. Inspire Medical Systems Inc shares valued at $176,000 were divested by the Director at a price of $220.00 per share. As a result of the transaction, McCormick Shawn now holds 23,140 shares, worth roughly $4.41 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 Friday, Inspire Medical Systems Inc [NYSE:INSP] saw its stock fall -2.22% to $190.71. Over the last five days, the stock has lost -2.30%. Inspire Medical Systems Inc shares have fallen nearly -6.25% since the year began. Nevertheless, the stocks have risen 21.99% 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 $201.33, while 200 days put it at $188.12.
Levels Of Support And Resistance For INSP Stock
The 24-hour chart illustrates a support level at 188.26, which if violated will result in even more drops to 185.80. On the upside, there is a resistance level at 195.44. A further resistance level may holdings at 200.16. The Relative Strength Index (RSI) on the 14-day chart is 40.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.56%. Stochastics %K at 24.72% 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 2024-10-15, growing by 0.7 million shares to a total of 1.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.21 million shares. There was a rise of 36.72%, 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.
