In a filing, Ingredion Inc revealed its Executive VP and CFO Gray James D unloaded Company’s shares for reported $68.0 on Mar 16 ’24. In the deal valued at $114.75 per share,1 shares were sold. As a result of this transaction, Gray James D now holds 46,258 shares worth roughly $5.44 million.
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Then, Fernandes Larry sold 1 shares, generating $62 in total proceeds. Upon selling the shares at $114.75, the SVP, Chief Comm & Sust Officer now owns 28,818 shares.
Before that, Xu Jinghuai sold 0 shares. Ingredion Inc shares valued at $46 were divested by the SVP, Chief Innovation Officer at a price of $114.75 per share. As a result of the transaction, Xu Jinghuai now holds 22,684 shares, worth roughly $2.67 million.
Goldman upgraded its Ingredion Inc [INGR] rating to a Buy from a a Neutral in a research note published on February 15, 2024; the price target was increased to $135 from $122. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. UBS revised its rating on April 13, 2023. It rated INGR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of INGR
On Tuesday, Ingredion Inc [NYSE:INGR] saw its stock jump 0.12% to $117.54. Over the last five days, the stock has gained 0.36%. Ingredion Inc shares have risen nearly 8.30% since the year began. Nevertheless, the stocks have risen 17.33% over the past one year. While a 52-week high of $118.83 was reached on 03/13/24, a 52-week low of $89.54 was recorded on 01/09/24. SMA at 50 days reached $113.24, while 200 days put it at $105.37. A total of 0.3 million shares were traded, compared to the trading of 0.31 million shares in the previous session.
Levels Of Support And Resistance For INGR Stock
The 24-hour chart illustrates a support level at 116.93, which if violated will result in even more drops to 116.31. On the upside, there is a resistance level at 118.26. A further resistance level may holdings at 118.97. The Relative Strength Index (RSI) on the 14-day chart is 59.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.56%. Stochastics %K at 68.52% indicates the stock is a holding.
How much short interest is there in Ingredion Inc?
A steep rise in short interest was recorded in Ingredion Inc stocks on Feb 29, 2024, growing by 0.15 million shares to a total of 0.65 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 0.5 million shares. There was a rise of 23.25%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.13% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.49.
