The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. iRhythm Technologies Inc shares valued at $885,932 were sold by Blackford Quentin S. on Mar 03 ’25. At $108.77 per share, Blackford Quentin S. sold 8,145 shares. The insider’s holdings dropped to 208,741 shares worth approximately $21.07 million following the completion of this transaction.
Also, Rosenbaum Marc W. sold 314 shares, netting a total of over 34,154 in proceeds. Following the sale of shares at $108.77 each, the insider now holds 11,507 shares.
Before that, Smith Mervin had sold 638 shares from its account. In a trade valued at $69,395, the EVP Strategic Business Ops traded iRhythm Technologies Inc shares for $108.77 each. Upon closing the transaction, the insider’s holdings decreased to 638 shares, worth approximately $1.66 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 2.20%. Over the course of the year, iRhythm Technologies Inc shares have jumped approximately 11.97%. Shares of the company reached a 52-week high of $128.52 on 02/21/25 and a 52-week low of $86.55 on 01/02/25. A 50-day SMA is recorded $105.89, while a 200-day SMA reached $88.51.
Support And Resistance Levels for iRhythm Technologies Inc (IRTC)
According to the 24-hour chart, there is a support level at 99.37, which, if violated, would cause prices to drop to 97.77. In the upper region, resistance lies at 102.68. The next price resistance is at 104.39. RSI (Relative Strength Index) is 46.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.76, which suggests the price will decrease in the coming days. Percent R is at 49.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
