Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Insmed Inc shares valued at $1,310,799 were sold by Lewis William on Dec 19 ’24. At $69.91 per share, Lewis William sold 18,750 shares. The insider’s holdings dropped to 384,960 shares worth approximately $27.21 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Lewis William sold 6,830 shares, netting a total of over 477,550 in proceeds. Following the sale of shares at $69.92 each, the insider now holds 233,924 shares.
Before that, Lewis William had added 25,580 shares to its account. In a trade valued at $1,787,524, the Officer bought Insmed Inc shares for $69.88 each.
As published in their initiating research note from Truist on April 23, 2024, Insmed Inc [INSM] has been a Buy and the price target has been revised to $48. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid February. As of December 08, 2023, Wells Fargo has initiated its “an Overweight” rating for INSM.
Analyzing INSM Stock Performance
During the last five days, there has been a surge of approximately 0.96%. Over the course of the year, Insmed Inc shares have jumped approximately 128.04%. Shares of the company reached a 52-week high of $80.53 on 08/22/24 and a 52-week low of $21.92 on 05/24/24. A 50-day SMA is recorded $72.09, while a 200-day SMA reached $59.44. Nevertheless, trading volume fell to 1.11 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for Insmed Inc (INSM)
According to the 24-hour chart, there is a support level at 69.82, which, if violated, would cause prices to drop to 68.97. In the upper region, resistance lies at 71.61. The next price resistance is at 72.55. RSI (Relative Strength Index) is 45.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.37, which suggests the price will decrease in the coming days. Percent R is at 75.93%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
