Invesco Ltd’s recent filing unveils that its 10% Owner Invesco Realty, Inc. acquired Company’s shares for reported $20.0 million on Oct 02 ’23. In the deal valued at $25.12 per share,796,323 shares were bought. As a result of this transaction, Invesco Realty, Inc. now holds 1,052,487 shares worth roughly $16.84 million.
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Then, Invesco Realty, Inc. bought 2,800,000 shares, generating $70,000,000 in total proceeds. Upon buying the shares at $25.00, the 10% Owner now owns 853,400 shares.
TD Cowen initiated its Invesco Ltd [IVZ] rating to an Outperform in a research note published on January 04, 2024; the price target was $21. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in mid December from “a Mkt perform” to “an Outperform”. Citigroup started covering the stock on May 19, 2023. It rated IVZ as “a Neutral”.
Price Performance Review of IVZ
On Monday, Invesco Ltd [NYSE:IVZ] saw its stock jump 1.85% to $16.00. Over the last five days, the stock has gained 4.78%. Invesco Ltd shares have fallen nearly -10.31% since the year began. Nevertheless, the stocks have risen 6.38% over the past one year. While a 52-week high of $18.71 was reached on 01/08/24, a 52-week low of $12.48 was recorded on 02/13/24. SMA at 50 days reached $15.87, while 200 days put it at $15.61. A total of 4.47 million shares were traded, compared to the trading of 2.96 million shares in the previous session.
Levels Of Support And Resistance For IVZ Stock
The 24-hour chart illustrates a support level at 15.75, which if violated will result in even more drops to 15.51. On the upside, there is a resistance level at 16.21. A further resistance level may holdings at 16.43. The Relative Strength Index (RSI) on the 14-day chart is 55.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.30%. Stochastics %K at 66.67% indicates the stock is a holding.
How much short interest is there in Invesco Ltd?
A steep rise in short interest was recorded in Invesco Ltd stocks on Feb 29, 2024, growing by 0.87 million shares to a total of 7.2 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 6.33 million shares. There was a rise of 12.08%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.34% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.45.
