In a filing, Inari Medical Inc revealed its President and CEO Hykes Andrew unloaded Company’s shares for reported $0.17 million on Dec 20 ’24. In the deal valued at $55.29 per share,3,000 shares were sold. As a result of this transaction, Hykes Andrew now holds 439,310 shares worth roughly $23.27 million.
Then, Hoffman William sold 60,000 shares, generating $3,339,704 in total proceeds. Upon selling the shares at $55.66, the Director now owns 441,233 shares.
Before that, MITCH HILL bought 3,000 shares. Inari Medical Inc shares valued at $174,630 were divested by the Officer at a price of $58.21 per share.
Oppenheimer initiated its Inari Medical Inc [NARI] rating to an Outperform in a research note published on December 17, 2024; the price target was $75. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in mid September with a ‘”a Hold”‘ rating. Leerink Partners began covering NARI with “Market perform” recommendation on September 03, 2024. Deutsche Bank started covering the stock on August 09, 2024. It rated NARI as “a Buy”.
Price Performance Review of NARI
On Friday, Inari Medical Inc [NASDAQ:NARI] saw its stock fall -1.96% to $52.97. Over the last five days, the stock has lost -2.65%. Inari Medical Inc shares have fallen nearly -18.41% since the year began. Nevertheless, the stocks have fallen -19.50% over the past one year. While a 52-week high of $66.61 was reached on 01/02/24, a 52-week low of $36.73 was recorded on 04/22/24. SMA at 50 days reached $50.74, while 200 days put it at $46.98.
Levels Of Support And Resistance For NARI Stock
The 24-hour chart illustrates a support level at 52.28, which if violated will result in even more drops to 51.58. On the upside, there is a resistance level at 53.81. A further resistance level may holdings at 54.64. The Relative Strength Index (RSI) on the 14-day chart is 49.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.53%. Stochastics %K at 41.51% indicates the stock is a holding.
How much short interest is there in Inari Medical Inc?
A steep rise in short interest was recorded in Inari Medical Inc stocks on 2024-12-13, growing by 0.24 million shares to a total of 3.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.42 million shares. There was a rise of 6.63%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 25, 2024 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating .
