In a filing, Insulet Corporation revealed its Director Hopfield Jessica unloaded Company’s shares for reported $1.72 million on Sep 11 ’24. In the deal valued at $225.26 per share,7,628 shares were sold. As a result of this transaction, Hopfield Jessica now holds 26,917 shares worth roughly $7.42 million.
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Then, Scannell Timothy J sold 5,000 shares, generating $1,129,200 in total proceeds. Upon selling the shares at $225.84, the Director now owns 30,586 shares.
Before that, Hopfield Jessica bought 7,628 shares. Insulet Corporation shares valued at $1,718,283 were divested by the Director at a price of $225.26 per share.
Bernstein initiated its Insulet Corporation [PODD] rating to an Outperform in a research note published on November 06, 2024; the price target was $300. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Wolfe Research also remained covering PODD and has increased its forecast on May 07, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Robert W. Baird revised its rating on December 21, 2023. It rated PODD as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of PODD
On Monday, Insulet Corporation [NASDAQ:PODD] saw its stock jump 2.87% to $275.70. Over the last five days, the stock has gained 16.11%. Insulet Corporation shares have risen nearly 27.06% since the year began. Nevertheless, the stocks have risen 80.34% over the past one year. While a 52-week high of $275.52 was reached on 11/11/24, a 52-week low of $151.56 was recorded on 05/14/24. SMA at 50 days reached $233.46, while 200 days put it at $196.62.
Levels Of Support And Resistance For PODD Stock
The 24-hour chart illustrates a support level at 268.87, which if violated will result in even more drops to 262.03. On the upside, there is a resistance level at 280.97. A further resistance level may holdings at 286.23. The Relative Strength Index (RSI) on the 14-day chart is 83.82, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 21.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.99%. Stochastics %K at 87.16% indicates the stock is a selling.
How much short interest is there in Insulet Corporation?
A steep rise in short interest was recorded in Insulet Corporation stocks on 2024-10-15, dropping by -0.22 million shares to a total of 2.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.99 million shares. There was a decline of -8.0%, which implies that there is a negative sentiment for the stock.
