Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. iRhythm Technologies Inc shares valued at $500,866 were purchased by TALWALKAR ABHIJIT Y on Nov 04 ’24. At $75.16 per share, TALWALKAR ABHIJIT Y acquired 6,664 shares. The insider’s holdings grew to 18,941 shares worth approximately $1.7 million following the completion of this transaction.
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Also, Blackford Quentin S. sold 16,145 shares, netting a total of over 1,249,784 in proceeds. Following the sale of shares at $77.41 each, the insider now holds 159,929 shares.
Before that, Bobzien Brice had sold 1,372 shares from its account. In a trade valued at $96,506, the Chief Financial Officer traded iRhythm Technologies Inc shares for $70.34 each. Upon closing the transaction, the insider’s holdings decreased to 1,372 shares, worth approximately $2.19 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 18.12%. Over the course of the year, iRhythm Technologies Inc shares have dropped approximately -16.39%. 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 $70.22, while a 200-day SMA reached $93.12. Nevertheless, trading volume fell to 0.74 million shares from 1.23 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 87.26, which, if violated, would cause prices to drop to 85.01. In the upper region, resistance lies at 91.77. The next price resistance is at 94.04. RSI (Relative Strength Index) is 73.07 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.97, which suggests the price will increase in the coming days. Percent R is at 7.39%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
