Inspire Medical Systems Inc’s recent filing unveils 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 $2.26 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 upgraded its Inspire Medical Systems Inc [INSP] rating to a Buy from a a Neutral in a research note published on November 20, 2024; the price target was increased to $255 from $220. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Neutral”. RBC Capital Mkts began covering INSP with “an Outperform” recommendation on April 19, 2024. Morgan Stanley started covering the stock on March 19, 2024. It rated INSP as “an Overweight”.
Price Performance Review of INSP
On Monday, Inspire Medical Systems Inc [NYSE:INSP] saw its stock jump 5.61% to $199.32. Over the last five days, the stock has gained 13.72%. Inspire Medical Systems Inc shares have fallen nearly -2.02% since the year began. Nevertheless, the stocks have risen 38.09% 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 $199.36, while 200 days put it at $186.46.
Levels Of Support And Resistance For INSP Stock
The 24-hour chart illustrates a support level at 192.17, which if violated will result in even more drops to 185.01. On the upside, there is a resistance level at 203.31. A further resistance level may holdings at 207.29. The Relative Strength Index (RSI) on the 14-day chart is 56.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.80%. Stochastics %K at 48.21% 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 2024-10-31, 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.
