iRhythm Technologies Inc’s recent filing unveils that its Chief Financial Officer Bobzien Brice unloaded Company’s shares for reported $96506.0 on Aug 09 ’24. In the deal valued at $70.34 per share,1,372 shares were sold. As a result of this transaction, Bobzien Brice now holds 24,428 shares worth roughly $1.83 million.
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Then, Patterson Chad bought 280 shares, generating $20,994 in total proceeds. Upon buying the shares at $74.98, the Chief Commercial Officer now owns 40,145 shares.
Before that, Patterson Chad sold 3,012 shares. iRhythm Technologies Inc shares valued at $224,876 were divested by the Chief Commercial Officer at a price of $74.66 per share. As a result of the transaction, Patterson Chad now holds 37,133 shares, worth roughly $2.79 million.
Goldman initiated its iRhythm Technologies Inc [IRTC] rating to a Neutral in a research note published on October 04, 2024; the price target was $78. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in mid June from “a Peer perform” to “an Outperform”. Citigroup also remained covering IRTC and has increased its forecast on December 11, 2023 with a “Buy” recommendation from previously “Neutral” rating. Robert W. Baird started covering the stock on July 19, 2023. It rated IRTC as “an Outperform”.
Price Performance Review of IRTC
On Friday, iRhythm Technologies Inc [NASDAQ:IRTC] saw its stock jump 3.59% to $75.04. Over the last five days, the stock has lost -0.85%. iRhythm Technologies Inc shares have fallen nearly -29.90% since the year began. Nevertheless, the stocks have fallen -4.92% over the past one year. While a 52-week high of $124.11 was reached on 02/29/24, a 52-week low of $55.92 was recorded on 10/14/24. SMA at 50 days reached $69.23, while 200 days put it at $93.54.
Levels Of Support And Resistance For IRTC Stock
The 24-hour chart illustrates a support level at 72.66, which if violated will result in even more drops to 70.29. On the upside, there is a resistance level at 77.61. A further resistance level may holdings at 80.18. The Relative Strength Index (RSI) on the 14-day chart is 58.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.74, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.54%. Stochastics %K at 81.44% indicates the stock is a selling.
How much short interest is there in iRhythm Technologies Inc?
A steep rise in short interest was recorded in iRhythm Technologies Inc stocks on 2024-10-15, dropping by -0.17 million shares to a total of 2.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.69 million shares. There was a decline of -6.58%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 07, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $150 price target.
