Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Insmed Inc shares valued at $95,108 were sold by Flammer Martina M.D. on Jan 14 ’25. At $68.72 per share, Flammer Martina M.D. sold 1,384 shares. The insider’s holdings dropped to 100,165 shares worth approximately $7.81 million following the completion of this transaction.
Also, Adsett Roger sold 1,457 shares, netting a total of over 100,125 in proceeds. Following the sale of shares at $68.72 each, the insider now holds 146,082 shares.
Before that, Schaeffer Orlov S Nicole had sold 872 shares from its account. In a trade valued at $59,924, the Chief People Strategy Officer traded Insmed Inc shares for $68.72 each. Upon closing the transaction, the insider’s holdings decreased to 872 shares, worth approximately $7.57 million.
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 drop of approximately -0.57%. Over the course of the year, Insmed Inc shares have jumped approximately 12.98%. Shares of the company reached a 52-week high of $79.73 on 01/23/25 and a 52-week low of $61.50 on 01/10/25. A 50-day SMA is recorded $72.21, while a 200-day SMA reached $64.14. Nevertheless, trading volume fell to 0.98 million shares from 2.06 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 77.15, which, if violated, would cause prices to drop to 76.29. In the upper region, resistance lies at 78.76. The next price resistance is at 79.52. RSI (Relative Strength Index) is 64.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.51, which suggests the price will increase in the coming days. Percent R is at 9.49%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
