In a filing, Installed Building Products Inc revealed its Chief Accounting Officer FRY TODD R unloaded Company’s shares for reported $0.12 million on Mar 11 ’24. In the deal valued at $233.50 per share,500 shares were sold. As a result of this transaction, FRY TODD R now holds 7,176 shares worth roughly $1.71 million.
Then, Wheeler Brad A sold 1,119 shares, generating $273,282 in total proceeds. Upon selling the shares at $244.22, the Chief Operating Officer now owns 6,679 shares.
Before that, Edwards Jeffrey W. sold 48,250 shares. Installed Building Products Inc shares valued at $11,375,772 were divested by the President, CEO and Chairman at a price of $235.77 per share. As a result of the transaction, Edwards Jeffrey W. now holds 1,416,194 shares, worth roughly $337.04 million.
DA Davidson initiated its Installed Building Products Inc [IBP] rating to a Buy in a research note published on March 05, 2024; the price target was $275. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late February from “an Overweight” to “a Neutral”. Loop Capital also remained covering IBP and has increased its forecast on January 08, 2024 with a “Buy” recommendation from previously “Hold” rating. Truist revised its rating on January 04, 2024. It rated IBP as “a Hold” which previously was an “a Buy”.
Price Performance Review of IBP
On Tuesday, Installed Building Products Inc [NYSE:IBP] saw its stock jump 6.52% to $237.99. Over the last five days, the stock has gained 5.19%. Installed Building Products Inc shares have risen nearly 31.04% since the year began. Nevertheless, the stocks have risen 96.02% over the past one year. While a 52-week high of $263.76 was reached on 04/01/24, a 52-week low of $102.82 was recorded on 01/05/24. SMA at 50 days reached $237.41, while 200 days put it at $171.87. A total of 0.27 million shares were traded, compared to the trading of 0.18 million shares in the previous session.
Levels Of Support And Resistance For IBP Stock
The 24-hour chart illustrates a support level at 226.76, which if violated will result in even more drops to 215.53. On the upside, there is a resistance level at 243.83. A further resistance level may holdings at 249.67. The Relative Strength Index (RSI) on the 14-day chart is 50.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.81%. Stochastics %K at 20.24% indicates the stock is a holding.
