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Bernstein initates Insulet Corporation (PODD) rating to an Outperform

Insulet Corporation’s recent filing unveils that its Officer Budden Lauren acquired Company’s shares for reported $0.25 million on Dec 10 ’24. In the deal valued at $275.62 per share,915 shares were bought.

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Then, BORIO LUCIANA sold 508 shares, generating $139,598 in total proceeds. Upon selling the shares at $274.80, the Director now owns 2,790 shares.

Before that, BORIO LUCIANA bought 508 shares. Insulet Corporation shares valued at $139,602 were divested by the Director at a price of $274.81 per share.

Bernstein initiated its Insulet Corporation [PODD] rating to an Outperform in a research note published on November 06, 2024; the price target was $300. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Wolfe Research also remained covering PODD and has increased its forecast on May 07, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Robert W. Baird revised its rating on December 21, 2023. It rated PODD as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of PODD

On Tuesday, Insulet Corporation [NASDAQ:PODD] saw its stock jump 3.65% to $274.79. Over the last five days, the stock has gained 1.90%. Insulet Corporation shares have risen nearly 26.64% since the year began. Nevertheless, the stocks have risen 41.16% over the past one year. While a 52-week high of $279.40 was reached on 11/11/24, a 52-week low of $160.19 was recorded on 05/14/24. SMA at 50 days reached $248.27, while 200 days put it at $204.04.

Levels Of Support And Resistance For PODD Stock

The 24-hour chart illustrates a support level at 266.05, which if violated will result in even more drops to 257.31. On the upside, there is a resistance level at 281.12. A further resistance level may holdings at 287.45. The Relative Strength Index (RSI) on the 14-day chart is 69.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.54%. Stochastics %K at 51.70% indicates the stock is a holding.

How much short interest is there in Insulet Corporation?

A steep rise in short interest was recorded in Insulet Corporation stocks on 2024-11-29, growing by 0.21 million shares to a total of 3.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.84 million shares. There was a rise of 6.86%, which implies that there is a positive sentiment for the stock.

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