Markets

Insiders Seeing Green With INSP At New 52-Week High

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In trading on Wednesday, shares of Inspire Medical Systems Inc (Symbol: INSP) touched a new 52-week high of $50.00/share. That's a 122.22% rise, or $27.5 per share from the 52-week low of $22.50 set back on 05/03/2018. That means at today's intraday high, any investor who purchased INSP stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, INSP has seen 10 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
05/07/2018 Timothy P. Herbert CEO and President 350 $16.00 $5,600.00
05/07/2018 Steven Jandrich Chief Comp Off & VP, Human Res 2,050 $16.00 $32,800.00
05/07/2018 Richard Buchholz Chief Financial Officer 4,750 $16.00 $76,000.00
05/07/2018 Randy Ban Senior VP, Sales and Marketing 900 $16.00 $14,400.00
05/07/2018 Chau Quang Khuong Director 312,500 $16.00 $5,000,000.00
05/07/2018 Advisors Llc Orbimed 312,500 $16.00 $5,000,000.00
05/07/2018 Shawn McCormick Director 3,000 $16.00 $48,000.00
05/07/2018 Health Investors, Llc Amzak 125,000 $16.00 $2,000,000.00
05/07/2018 Casey M. Tansey Director 187,500 $16.00 $3,000,000.00
05/07/2018 Dana G. Mead Jr. Director 20,000 $16.00 $320,000.00
05/07/2018 Joyce Erony Director 125,000 $16.00 $2,000,000.00
05/07/2018 Marilyn C. Nelson Director 62,500 $16.00 $1,000,000.00

The chart below shows where INSP has traded over the past year, with the 50-day and 200-day moving averages included.

Inspire Medical Systems Inc Moving Averages Chart

In afternoon trading on Wednesday, INSP shares are changing hands at $45.87/share, slightly below the new 52-week high.

Ten Bargains You Can Buy Cheaper Than The Insiders Did »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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