Inspire Medical Systems Inc’s recently made public that its Chief Technology Officer Rondoni John unloaded Company’s shares for reported $1.68 million on Nov 01 ’24. In the deal valued at $193.47 per share,8,703 shares were sold. As a result of this transaction, Rondoni John now holds 11,348 shares worth roughly $2.29 million.
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Then, JOHN RONDONI bought 8,703 shares, generating $1,683,723 in total proceeds.
Before that, Ebeling Philip bought 5,453 shares. Inspire Medical Systems Inc shares valued at $1,348,445 were divested by the Officer at a price of $247.28 per share.
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 Monday, Inspire Medical Systems Inc [NYSE:INSP] saw its stock jump 2.76% to $202.04. Over the last five days, the stock has gained 4.84%. Inspire Medical Systems Inc shares have fallen nearly -0.68% since the year began. Nevertheless, the stocks have risen 59.21% 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 $203.07, while 200 days put it at $187.89.
Levels Of Support And Resistance For INSP Stock
The 24-hour chart illustrates a support level at 198.31, which if violated will result in even more drops to 194.58. On the upside, there is a resistance level at 205.35. A further resistance level may holdings at 208.66. The Relative Strength Index (RSI) on the 14-day chart is 51.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.65%. Stochastics %K at 47.97% 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.
