Inspire Medical Systems Inc’s filing revealed 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 $1.99 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 1.49% to $175.28. Over the last five days, the stock has lost -13.24%. Inspire Medical Systems Inc shares have fallen nearly -13.84% since the year began. Nevertheless, the stocks have risen 22.28% 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 $201.36, while 200 days put it at $186.99.
Levels Of Support And Resistance For INSP Stock
The 24-hour chart illustrates a support level at 171.32, which if violated will result in even more drops to 167.36. On the upside, there is a resistance level at 178.34. A further resistance level may holdings at 181.40. The Relative Strength Index (RSI) on the 14-day chart is 36.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -17.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.51%. Stochastics %K at 6.25% indicates the stock is a buying.
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 2024-10-31, dropping by 45252.0 shares to a total of 1.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.0 million shares. There was a decline of -2.32%, which implies that there is a negative 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.
