iRhythm Technologies Inc’s filing revealed that its CBO and CLO Murphy Patrick Michael unloaded Company’s shares for reported $0.21 million on Dec 02 ’24. In the deal valued at $85.89 per share,2,492 shares were sold. As a result of this transaction, Murphy Patrick Michael now holds 35,327 shares worth roughly $3.19 million.
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Then, TALWALKAR ABHIJIT Y bought 6,664 shares, generating $500,866 in total proceeds. Upon buying the shares at $75.16, the Director now owns 18,941 shares.
Before that, Blackford Quentin S. sold 16,145 shares. iRhythm Technologies Inc shares valued at $1,249,784 were divested by the President and CEO at a price of $77.41 per share. As a result of the transaction, Blackford Quentin S. now holds 159,929 shares, worth roughly $14.46 million.
A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. Wolfe Research also remained covering IRTC and has increased its forecast on June 20, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Citigroup revised its rating on December 11, 2023. It rated IRTC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of IRTC
On Friday, iRhythm Technologies Inc [NASDAQ:IRTC] saw its stock jump 3.11% to $90.39. Over the last five days, the stock has gained 4.58%. iRhythm Technologies Inc shares have fallen nearly -15.55% since the year began. Nevertheless, the stocks have fallen -14.31% over the past one year. While a 52-week high of $124.11 was reached on 02/29/24, a 52-week low of $55.92 was recorded on 10/14/24. SMA at 50 days reached $79.73, while 200 days put it at $88.27.
Levels Of Support And Resistance For IRTC Stock
The 24-hour chart illustrates a support level at 86.71, which if violated will result in even more drops to 83.04. On the upside, there is a resistance level at 92.64. A further resistance level may holdings at 94.90. The Relative Strength Index (RSI) on the 14-day chart is 57.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.64%. Stochastics %K at 61.17% indicates the stock is a holding.
How much short interest is there in iRhythm Technologies Inc?
A steep rise in short interest was recorded in iRhythm Technologies Inc stocks on 2024-11-29, dropping by -0.62 million shares to a total of 2.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.74 million shares. There was a decline of -29.12%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 19, 2023 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $130 price target.
