The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Interactive Brokers Group Inc shares valued at $535,050 were sold by Nemser Earl H on Feb 22 ’24. At $107.01 per share, Nemser Earl H sold 5,000 shares. The insider’s holdings dropped to 108,770 shares worth approximately $12.35 million following the completion of this transaction.
Also, Nemser Earl H sold 5,000 shares, netting a total of over 524,300 in proceeds. Following the sale of shares at $104.86 each, the insider now holds 113,770 shares.
Before that, Nemser Earl H had sold 5,000 shares from its account. In a trade valued at $528,132, the Vice Chairman traded Interactive Brokers Group Inc shares for $105.63 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $13.48 million.
As published in a research note from Goldman on January 09, 2024, Interactive Brokers Group Inc [IBKR] has been rated up from a Neutral to a Buy and the price target has been revised to $102 from $88. Analysts at Redburn Atlantic started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of October 03, 2023, UBS has initiated its “Buy” rating for IBKR. Earlier on September 19, 2023, Goldman initiated its rating. Their recommendation was “a Neutral” for IBKR stock.
Analyzing IBKR Stock Performance
During the last five days, there has been a drop of approximately -1.10%. Over the course of the year, Interactive Brokers Group Inc shares have jumped approximately 36.91%. Shares of the company reached a 52-week high of $116.92 on 04/03/24 and a 52-week low of $82.26 on 01/02/24. A 50-day SMA is recorded $105.85, while a 200-day SMA reached $90.75. Nevertheless, trading volume fell to 0.89 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Interactive Brokers Group Inc (IBKR)
According to the 24-hour chart, there is a support level at 111.72, which, if violated, would cause prices to drop to 109.95. In the upper region, resistance lies at 114.87. The next price resistance is at 116.25. RSI (Relative Strength Index) is 59.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.21, which suggests the price will increase in the coming days. Percent R is at 37.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Interactive Brokers Group Inc subject to short interest?
Stocks of Interactive Brokers Group Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.4 million shares to 2.88 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.48 million shares. A jump of 13.89% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.81 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.81.
