Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ICU Medical, Inc shares valued at $2,062,136 were sold by Jain Vivek on Nov 01 ’24. At $171.84 per share, Jain Vivek sold 12,000 shares. The insider’s holdings dropped to 104,593 shares worth approximately $18.28 million following the completion of this transaction.
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Also, VIVEK JAIN purchased 12,000 shares, netting a total of over 2,062,135 in proceeds.
Before that, Jain Vivek had sold 12,000 shares from its account. In a trade valued at $2,141,580, the Chairman and CEO traded ICU Medical, Inc shares for $178.46 each. Upon closing the transaction, the insider’s holdings decreased to 12,000 shares, worth approximately $18.28 million.
As published in their initiating research note from Jefferies on October 14, 2024, ICU Medical, Inc [ICUI] has been a Hold and the price target has been revised to $183. Analysts at Needham started covering the stock with ‘”a Hold”‘ outlook in a report released in late June. As of June 17, 2024, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for ICUI. Earlier on November 08, 2022, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for ICUI stock which previously was a “an Outperform”.
Analyzing ICUI Stock Performance
During the last five days, there has been a drop of approximately -2.35%. Over the course of the year, ICU Medical, Inc shares have jumped approximately 75.27%. Shares of the company reached a 52-week high of $196.26 on 11/13/24 and a 52-week low of $86.80 on 02/05/24. A 50-day SMA is recorded $176.11, while a 200-day SMA reached $129.67. Nevertheless, trading volume fell to 0.61 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for ICU Medical, Inc (ICUI)
According to the 24-hour chart, there is a support level at 167.42, which, if violated, would cause prices to drop to 160.03. In the upper region, resistance lies at 189.23. The next price resistance is at 203.65. RSI (Relative Strength Index) is 47.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.88, which suggests the price will increase in the coming days. Percent R is at 81.78%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
