Interactive Brokers Group Inc’s recent filing unveils that its Vice Chairman Nemser Earl H unloaded Company’s shares for reported $0.54 million on Feb 22 ’24. In the deal valued at $107.01 per share,5,000 shares were sold. As a result of this transaction, Nemser Earl H now holds 108,770 shares worth roughly $11.87 million.
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Then, Nemser Earl H sold 5,000 shares, generating $524,300 in total proceeds. Upon selling the shares at $104.86, the Vice Chairman now owns 113,770 shares.
Before that, Nemser Earl H sold 5,000 shares. Interactive Brokers Group Inc shares valued at $528,132 were divested by the Vice Chairman at a price of $105.63 per share. As a result of the transaction, Nemser Earl H now holds 118,770 shares, worth roughly $12.96 million.
Goldman upgraded its Interactive Brokers Group Inc [IBKR] rating to a Buy from a a Neutral in a research note published on January 09, 2024; the price target was increased to $102 from $88. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. UBS began covering IBKR with “Buy” recommendation on October 03, 2023. Goldman started covering the stock on September 19, 2023. It rated IBKR as “a Neutral”.
Price Performance Review of IBKR
On Monday, Interactive Brokers Group Inc [NASDAQ:IBKR] saw its stock jump 0.60% to $109.12. Over the last five days, the stock has gained 1.09%. Interactive Brokers Group Inc shares have risen nearly 31.63% since the year began. Nevertheless, the stocks have risen 37.10% over the past one year. While a 52-week high of $112.50 was reached on 03/04/24, a 52-week low of $70.83 was recorded on 01/02/24. SMA at 50 days reached $100.91, while 200 days put it at $88.94. A total of 0.55 million shares were traded, compared to the trading of 0.86 million shares in the previous session.
Levels Of Support And Resistance For IBKR Stock
The 24-hour chart illustrates a support level at 108.22, which if violated will result in even more drops to 107.31. On the upside, there is a resistance level at 109.63. A further resistance level may holdings at 110.14. The Relative Strength Index (RSI) on the 14-day chart is 61.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.87%. Stochastics %K at 52.00% indicates the stock is a holding.
How much short interest is there in Interactive Brokers Group Inc?
A steep rise in short interest was recorded in Interactive Brokers Group Inc stocks on Feb 29, 2024, growing by 0.81 million shares to a total of 3.59 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.78 million shares. There was a rise of 22.56%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.47% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.1.
The most recent change occurred on October 12, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $85 price target.
