Ingredion Inc’s filing revealed that its Director Uribe Jorge A. unloaded Company’s shares for reported $84.0 on Mar 29 ’24. In the deal valued at $116.81 per share,1 shares were sold. As a result of this transaction, Uribe Jorge A. now holds 12,556 shares worth roughly $1.42 million.
Then, Gray James D sold 1 shares, generating $68 in total proceeds. Upon selling the shares at $114.75, the Executive VP and CFO now owns 46,258 shares.
Before that, Fernandes Larry sold 1 shares. Ingredion Inc shares valued at $62 were divested by the SVP, Chief Comm & Sust Officer at a price of $114.75 per share. As a result of the transaction, Fernandes Larry now holds 28,818 shares, worth roughly $3.26 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 fall -0.12% to $113.13. Over the last five days, the stock has lost -2.80%. Ingredion Inc shares have risen nearly 4.24% since the year began. Nevertheless, the stocks have risen 11.27% 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 $114.35, while 200 days put it at $105.78. A total of 0.37 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 112.71, which if violated will result in even more drops to 112.28. On the upside, there is a resistance level at 113.55. A further resistance level may holdings at 113.96. The Relative Strength Index (RSI) on the 14-day chart is 39.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.75%. Stochastics %K at 4.36% indicates the stock is a buying.
How much short interest is there in Ingredion Inc?
A steep rise in short interest was recorded in Ingredion Inc stocks on Mar 28, 2024, growing by 28770.0 shares to a total of 0.68 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.65 million shares. There was a rise of 4.22%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.18% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.52.
