Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Inspire Medical Systems Inc shares valued at $12,470 were purchased by JOHN RONDONI on Jan 07 ’25. At $215.00 per share, JOHN RONDONI acquired 58 shares.
Also, Rondoni John sold 8,703 shares, netting a total of over 1,683,731 in proceeds. Following the sale of shares at $193.47 each, the insider now holds 11,348 shares.
Before that, JOHN RONDONI had added 8,703 shares to its account. In a trade valued at $1,683,723, the Officer bought Inspire Medical Systems Inc shares for $193.46 each.
As published in a research note from BofA Securities on November 20, 2024, Inspire Medical Systems Inc [INSP] has been rated up from a Neutral to a Buy and the price target has been revised to $255 from $220. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of April 19, 2024, RBC Capital Mkts has initiated its “an Outperform” rating for INSP. Earlier on March 19, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for INSP stock.
Analyzing INSP Stock Performance
During the last five days, there has been a surge of approximately 15.38%. Over the course of the year, Inspire Medical Systems Inc shares have jumped approximately 15.38%. Shares of the company reached a 52-week high of $216.01 on 01/07/25 and a 52-week low of $185.03 on 01/02/25. A 50-day SMA is recorded $191.56, while a 200-day SMA reached $186.64. Nevertheless, trading volume fell to 0.6 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for Inspire Medical Systems Inc (INSP)
According to the 24-hour chart, there is a support level at 210.14, which, if violated, would cause prices to drop to 206.38. In the upper region, resistance lies at 216.51. The next price resistance is at 219.12. RSI (Relative Strength Index) is 69.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 18.22, which suggests the price will increase in the coming days. Percent R is at 5.76%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
