IAA Inc. [IAA] stock for 95,790 USD was acquired by Kamin Peter


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. IAA Inc. shares valued at $95,790 were purchased by Kamin Peter on Mar 08. At $31.93 per share, Kamin Peter acquired 3,000 shares. The insider’s holdings grew to 115,096 shares worth approximately $4.86 million following the completion of this transaction.

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Also, Kamin Peter purchased 28,000 shares, netting a total of over 935,480 in proceeds. Following the buying of shares at $33.41 each, the insider now holds 113,878 shares.

Before that, Kett John W had added 5,000 shares to its account. In a trade valued at $161,402, the Chief Executive Officer bought IAA Inc. shares for $32.28 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $5.88 million.

As published in a research note from Robert W. Baird on January 05, 2023, IAA Inc. [IAA] has been rated down from an Outperform to a Neutral and the price target has been revised to $44 from $46. This represents a 4.0% premium over Thursday’s closing price. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of June 09, 2022, Guggenheim has increased its “Neutral” rating to a “Buy” for IAA. Earlier on May 10, 2022, Barrington Research upgraded its rating. Their new recommendation was “an Outperform” for IAA stock which previously was a “a Mkt perform”.

Analyzing IAA Stock Performance

On Thursday, IAA Inc. [NYSE: IAA] rose 1.10% to $42.24. The stock’s lowest price that day was $41.52, but it reached a high of $42.69 in the same session. During the last five days, there has been a drop of approximately -2.56%. Over the course of the year, IAA Inc. shares have jumped approximately 5.60%. Shares of the company reached a 52-week high of $44.07 on 02/14/23 and a 52-week low of $38.71 on 01/11/23. A 50-day SMA is recorded $40.64, while a 200-day SMA reached $37.39. Nevertheless, trading volume fell to 4.15 million shares from 1.96 million shares the previous day.

Support And Resistance Levels for IAA Inc. (IAA)

According to the 24-hour chart, there is a support level at 41.61, which, if violated, would cause prices to drop to 40.98. In the upper region, resistance lies at 42.78. The next price resistance is at 43.32. RSI (Relative Strength Index) is 53.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 60.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is IAA Inc. subject to short interest?

Stocks of IAA Inc. saw a sharp rise in short interest on Jan 12, 2023 jumping by 0.17 million shares to 5.08 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 4.91 million shares. A jump of 3.35% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.79 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.79.

Which companies own the most shares of IAA Inc. (IAA)?

According to Melvin Capital Management LP filings, the company currently owns 13,100,000 shares, which is about 9.79% of the total IAA shares outstanding. The investor’s shares have appreciated by 6,275,000 from its previous 13-F filing of 6825000.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $510,188,268. BlackRock Fund Advisors acquire a 5.02% interest valued at $451.69 million while Cooke & Bieler LP sold a -834,602 stake. A total of 2,760,967 shares of IAA Inc. were sold by Independent Franchise Partners LL during the quarter, and -39,710 were sold by Atlanta Capital Management Co. LL. In its current portfolio, Discerene Group LP holds 4,768,748 shares valued at $199.0 million.

In terms of IAA Inc. share price expectations, FactSet research, analysts set an average price target of $43.25 in the next 12 months, up nearly 4.12% from the previous closing price of $41.78. Analysts anticipate IAA Inc. stock to reach $46.00 by 2023, with the lowest price target being $40.00. In spite of this, 6 analysts ranked IAA Inc. stock as a Hold at the end of 2023.


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