Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Insulet Corporation shares valued at $1,167,271 were sold by Benjamin Eric on Dec 16 ’24. At $267.60 per share, Benjamin Eric sold 4,362 shares. The insider’s holdings dropped to 18,702 shares worth approximately $4.8 million following the completion of this transaction.
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Also, Benjamin Eric purchased 4,362 shares, netting a total of over 1,167,271 in proceeds.
Before that, Budden Lauren had sold 915 shares from its account. In a trade valued at $252,192, the Group VP, CAO and Controller traded Insulet Corporation shares for $275.62 each. Upon closing the transaction, the insider’s holdings decreased to 915 shares, worth approximately $1.47 million.
As published in their initiating research note from Bernstein on November 06, 2024, Insulet Corporation [PODD] has been an Outperform and the price target has been revised to $300. Analysts at Redburn Atlantic started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. As of May 07, 2024, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for PODD. Earlier on December 21, 2023, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for PODD stock which previously was a “a Neutral”.
Analyzing PODD Stock Performance
During the last five days, there has been a drop of approximately -5.58%. Over the course of the year, Insulet Corporation shares have jumped approximately 18.24%. Shares of the company reached a 52-week high of $279.77 on 12/12/24 and a 52-week low of $160.19 on 05/14/24. A 50-day SMA is recorded $253.07, while a 200-day SMA reached $207.52. Nevertheless, trading volume fell to 0.68 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for Insulet Corporation (PODD)
According to the 24-hour chart, there is a support level at 254.55, which, if violated, would cause prices to drop to 252.54. In the upper region, resistance lies at 258.80. The next price resistance is at 261.05. RSI (Relative Strength Index) is 42.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.98, which suggests the price will decrease in the coming days. Percent R is at 92.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
