Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Inari Medical Inc shares valued at $12,093,174 were sold by Hoffman William on Jan 06 ’25. At $60.47 per share, Hoffman William sold 200,000 shares. The insider’s holdings dropped to 238,987 shares worth approximately $18.95 million following the completion of this transaction.
Also, WILLIAM HOFFMAN purchased 200,000 shares, netting a total of over 9,954,000 in proceeds.
Before that, Hykes Andrew had sold 3,000 shares from its account. In a trade valued at $165,870, the President and CEO traded Inari Medical Inc shares for $55.29 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $34.84 million.
As published in their initiating research note from Oppenheimer on December 17, 2024, Inari Medical Inc [NARI] has been an Outperform and the price target has been revised to $75. Analysts at Stifel started covering the stock with ‘”a Hold”‘ outlook in a report released in mid September. As of September 03, 2024, Leerink Partners has initiated its “Market perform” rating for NARI. Earlier on August 09, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for NARI stock.
Analyzing NARI Stock Performance
During the last five days, there has been a surge of approximately 55.34%. Over the course of the year, Inari Medical Inc shares have jumped approximately 55.34%. Shares of the company reached a 52-week high of $79.69 on 01/08/25 and a 52-week low of $47.25 on 01/06/25. A 50-day SMA is recorded $53.15, while a 200-day SMA reached $47.60. Nevertheless, trading volume fell to 11.58 million shares from 24.47 million shares the previous day.
Support And Resistance Levels for Inari Medical Inc (NARI)
According to the 24-hour chart, there is a support level at 79.13, which, if violated, would cause prices to drop to 78.97. In the upper region, resistance lies at 79.58. The next price resistance is at 79.86. RSI (Relative Strength Index) is 80.71 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 16.93, which suggests the price will increase in the coming days. Percent R is at 1.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
