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. Inspire Medical Systems Inc shares valued at $57,600 were sold by mcCormick Shawn on May 02 ’25. At $160.00 per share, mcCormick Shawn sold 360 shares. The insider’s holdings dropped to 24,046 shares worth approximately $3.6 million following the completion of this transaction.
Also, SHAWN T MCCORMICK purchased 360 shares, netting a total of over 56,844 in proceeds.
Before that, Ban Randy had sold 3,947 shares from its account. In a trade valued at $733,496, the insider traded Inspire Medical Systems Inc shares for $185.84 each. Upon closing the transaction, the insider’s holdings decreased to 3,947 shares, worth approximately $1.09 million.
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 drop of approximately -2.03%. Over the course of the year, Inspire Medical Systems Inc shares have dropped approximately -19.25%. Shares of the company reached a 52-week high of $216.01 on 01/07/25 and a 52-week low of $132.69 on 04/07/25. A 50-day SMA is recorded $157.70, while a 200-day SMA reached $182.71.
Support And Resistance Levels for Inspire Medical Systems Inc (INSP)
According to the 24-hour chart, there is a support level at 146.57, which, if violated, would cause prices to drop to 143.45. In the upper region, resistance lies at 154.81. The next price resistance is at 159.94. RSI (Relative Strength Index) is 43.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.84, which suggests the price will decrease in the coming days. Percent R is at 45.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
