Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. iRhythm Technologies Inc shares valued at $214,038 were sold by Murphy Patrick Michael on Dec 02 ’24. At $85.89 per share, Murphy Patrick Michael sold 2,492 shares. The insider’s holdings dropped to 35,327 shares worth approximately $3.64 million following the completion of this transaction.
Also, TALWALKAR ABHIJIT Y purchased 6,664 shares, netting a total of over 500,866 in proceeds. Following the buying of shares at $75.16 each, the insider now holds 18,941 shares.
Before that, Blackford Quentin S. had sold 16,145 shares from its account. In a trade valued at $1,249,784, the President and CEO traded iRhythm Technologies Inc shares for $77.41 each. Upon closing the transaction, the insider’s holdings decreased to 16,145 shares, worth approximately $16.5 million.
Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of June 20, 2024, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for IRTC. Earlier on December 11, 2023, Citigroup upgraded its rating. Their new recommendation was “a Buy” for IRTC stock which previously was a “a Neutral”.
Analyzing IRTC Stock Performance
During the last five days, there has been a surge of approximately 13.90%. Over the course of the year, iRhythm Technologies Inc shares have jumped approximately 14.41%. Shares of the company reached a 52-week high of $103.52 on 01/15/25 and a 52-week low of $86.55 on 01/02/25. A 50-day SMA is recorded $86.83, while a 200-day SMA reached $87.06. Nevertheless, trading volume fell to 0.74 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for iRhythm Technologies Inc (IRTC)
According to the 24-hour chart, there is a support level at 99.67, which, if violated, would cause prices to drop to 96.17. In the upper region, resistance lies at 105.09. The next price resistance is at 107.01. RSI (Relative Strength Index) is 68.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.36, which suggests the price will increase in the coming days. Percent R is at 2.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
