Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Up 50% in the Past Year, is Insulet Stock a Buy?

Published 06/30/2021, 10:00 AM
Updated 06/30/2021, 11:30 AM
© Reuters.  Up 50% in the Past Year, is Insulet Stock a Buy?

Insulin management provider Insulet (NASDAQ:PODD) has seen its stock rise over 50% in the past year as the demand for insulin solutions continues to grow. But does this stock's fundamentals merit this kind of valuation? Read more to learn if this stock is still a buy.Insulet (PODD), a developer, maker, and marketer of insulin management systems, had a stellar year. PODD is up 9% in the past six months and up more than 51% in the past year.

Will PODD's good fortune continue? Or will profit taking send PODD lower? These are the pressing questions investors are pondering following PODD's epic upward run.

Below, I delve into the nuances of PODD to provide investors with what might be in store for the stock in the months ahead. Here is a quick look at PODD as it currently stands following a banner year.

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.