iRhythm Technologies Inc’s recently made public that its President and CEO Blackford Quentin S. unloaded Company’s shares for reported $0.89 million on Mar 03 ’25. In the deal valued at $108.77 per share,8,145 shares were sold. As a result of this transaction, Blackford Quentin S. now holds 208,741 shares worth roughly $20.91 million.
Then, Rosenbaum Marc W. sold 314 shares, generating $34,154 in total proceeds. Upon selling the shares at $108.77, the Chief Accounting Officer now owns 11,507 shares.
Before that, Smith Mervin sold 638 shares. iRhythm Technologies Inc shares valued at $69,395 were divested by the EVP Strategic Business Ops at a price of $108.77 per share. As a result of the transaction, Smith Mervin now holds 16,454 shares, worth roughly $1.65 million.
A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. Wolfe Research also remained covering IRTC and has increased its forecast on June 20, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Citigroup revised its rating on December 11, 2023. It rated IRTC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of IRTC
On Monday, iRhythm Technologies Inc [NASDAQ:IRTC] saw its stock fall -0.17% to $100.17. Over the last five days, the stock has lost -4.31%. iRhythm Technologies Inc shares have risen nearly 11.09% since the year began. Nevertheless, the stocks have fallen -6.65% over the past one year. While a 52-week high of $128.52 was reached on 02/21/25, a 52-week low of $55.92 was recorded on 01/02/25. SMA at 50 days reached $107.39, while 200 days put it at $88.65.
Levels Of Support And Resistance For IRTC Stock
The 24-hour chart illustrates a support level at 93.58, which if violated will result in even more drops to 87.00. On the upside, there is a resistance level at 105.69. A further resistance level may holdings at 111.22. The Relative Strength Index (RSI) on the 14-day chart is 41.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.26%. Stochastics %K at 43.34% indicates the stock is a holding.
How much short interest is there in iRhythm Technologies Inc?
A steep rise in short interest was recorded in iRhythm Technologies Inc stocks on 2025-03-14, growing by 0.3 million shares to a total of 2.92 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 2.63 million shares. There was a rise of 10.23%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 19, 2023 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $130 price target.
