Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Insight Enterprises Inc shares valued at $152,259 were sold by Vasin Jennifer M on Aug 19 ’24. At $206.03 per share, Vasin Jennifer M sold 739 shares. The insider’s holdings dropped to 5,460 shares worth approximately $0.85 million following the completion of this transaction.
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Also, Vasin Jennifer M purchased 739 shares, netting a total of over 150,726 in proceeds.
Before that, PUSHOR KATHLEEN S had sold 1,329 shares from its account. In a trade valued at $260,321, the Director traded Insight Enterprises Inc shares for $195.88 each. Upon closing the transaction, the insider’s holdings decreased to 1,329 shares, worth approximately $0.91 million.
As published in their initiating research note from Redburn Atlantic on November 15, 2024, Insight Enterprises Inc [NSIT] has been a Buy and the price target has been revised to $220. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid April. As of February 06, 2023, Sidoti has decreased its “Buy” rating to a “Neutral” for NSIT. Earlier on July 14, 2022, JP Morgan initiated its rating. Their recommendation was “a Neutral” for NSIT stock.
Analyzing NSIT Stock Performance
During the last five days, there has been a surge of approximately 4.08%. Over the course of the year, Insight Enterprises Inc shares have dropped approximately -11.80%. Shares of the company reached a 52-week high of $228.07 on 07/31/24 and a 52-week low of $146.56 on 11/20/24. A 50-day SMA is recorded $193.31, while a 200-day SMA reached $195.67. Nevertheless, trading volume fell to 0.25 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Insight Enterprises Inc (NSIT)
According to the 24-hour chart, there is a support level at 153.91, which, if violated, would cause prices to drop to 151.55. In the upper region, resistance lies at 157.71. The next price resistance is at 159.15. RSI (Relative Strength Index) is 29.58 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 62.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
