iRhythm Technologies Inc’s recent filing unveils that its Director TALWALKAR ABHIJIT Y acquired Company’s shares for reported $0.5 million on Nov 04 ’24. In the deal valued at $75.16 per share,6,664 shares were bought. As a result of this transaction, TALWALKAR ABHIJIT Y now holds 18,941 shares worth roughly $1.46 million.
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Then, Blackford Quentin S. sold 16,145 shares, generating $1,249,784 in total proceeds. Upon selling the shares at $77.41, the President and CEO now owns 159,929 shares.
Before that, Bobzien Brice sold 1,372 shares. iRhythm Technologies Inc shares valued at $96,506 were divested by the Chief Financial Officer at a price of $70.34 per share. As a result of the transaction, Bobzien Brice now holds 24,428 shares, worth roughly $1.88 million.
Goldman initiated its iRhythm Technologies Inc [IRTC] rating to a Neutral in a research note published on October 04, 2024; the price target was $78. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in mid June from “a Peer perform” to “an Outperform”. Citigroup also remained covering IRTC and has increased its forecast on December 11, 2023 with a “Buy” recommendation from previously “Neutral” rating. Robert W. Baird started covering the stock on July 19, 2023. It rated IRTC as “an Outperform”.
Price Performance Review of IRTC
On Monday, iRhythm Technologies Inc [NASDAQ:IRTC] saw its stock fall -4.46% to $76.86. Over the last five days, the stock has lost -13.57%. iRhythm Technologies Inc shares have fallen nearly -28.20% since the year began. Nevertheless, the stocks have fallen -5.11% over the past one year. While a 52-week high of $124.11 was reached on 02/29/24, a 52-week low of $55.92 was recorded on 10/14/24. SMA at 50 days reached $72.78, while 200 days put it at $91.74.
Levels Of Support And Resistance For IRTC Stock
The 24-hour chart illustrates a support level at 75.20, which if violated will result in even more drops to 73.54. On the upside, there is a resistance level at 79.86. A further resistance level may holdings at 82.87. The Relative Strength Index (RSI) on the 14-day chart is 47.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.56%. Stochastics %K at 51.63% indicates the stock is a holding.
How much short interest is there in iRhythm Technologies Inc?
A steep rise in short interest was recorded in iRhythm Technologies Inc stocks on 2024-10-31, growing by 0.18 million shares to a total of 2.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.56 million shares. There was a rise of 6.62%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 07, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $150 price target.
