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 $1,683,731 were sold by Rondoni John on Nov 01 ’24. At $193.47 per share, Rondoni John sold 8,703 shares. The insider’s holdings dropped to 11,348 shares worth approximately $2.4 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, JOHN RONDONI purchased 8,703 shares, netting a total of over 1,683,723 in proceeds.
Before that, Ebeling Philip had added 5,453 shares to its account. In a trade valued at $1,348,445, the Officer bought Inspire Medical Systems Inc shares for $247.28 each.
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 surge of approximately 7.67%. Over the course of the year, Inspire Medical Systems Inc shares have jumped approximately 4.03%. 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 $202.02, while a 200-day SMA reached $188.07. Nevertheless, trading volume fell to 1.04 million shares from 1.59 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 201.38, which, if violated, would cause prices to drop to 191.14. In the upper region, resistance lies at 218.02. The next price resistance is at 224.42. RSI (Relative Strength Index) is 61.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.60, which suggests the price will increase in the coming days. Percent R is at 9.14%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
