In a filing, Intercorp Financial Services Inc revealed its 10% Owner INTERCORP PERU LTD acquired Company’s shares for reported $8.57 million on Mar 26 ’24. In the deal valued at $19.60 per share,437,369 shares were bought. As a result of this transaction, INTERCORP PERU LTD now holds 1,253,535 shares worth roughly $27.48 million.
Then, INTERCORP PERU LTD bought 321,466 shares, generating $6,429,325 in total proceeds. Upon buying the shares at $20.00, the 10% Owner now owns 816,166 shares.
Before that, INTERCORP PERU LTD bought 482,199 shares. Intercorp Financial Services Inc shares valued at $9,643,987 were divested by the 10% Owner at a price of $20.00 per share. As a result of the transaction, INTERCORP PERU LTD now holds 494,699 shares, worth roughly $10.84 million.
Jefferies initiated its Intercorp Financial Services Inc [IFS] rating to a Buy in a research note published on October 16, 2023; the price target was $34.90. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early June from “a Neutral” to “an Overweight”. Scotiabank also remained covering IFS and has increased its forecast on December 15, 2022 with a “Sector outperform” recommendation from previously “Sector perform” rating. Itau BBA revised its rating on March 11, 2022. It rated IFS as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of IFS
On Tuesday, Intercorp Financial Services Inc [NYSE:IFS] saw its stock jump 0.41% to $21.92. Over the last five days, the stock has lost -2.45%. Intercorp Financial Services Inc shares have fallen nearly -0.14% since the year began. Nevertheless, the stocks have fallen -7.39% over the past one year. While a 52-week high of $30.59 was reached on 02/26/24, a 52-week low of $17.94 was recorded on 04/17/24. SMA at 50 days reached $25.83, while 200 days put it at $22.94. A total of 0.27 million shares were traded, compared to the trading of 99200.0 shares in the previous session.
Levels Of Support And Resistance For IFS Stock
The 24-hour chart illustrates a support level at 21.71, which if violated will result in even more drops to 21.49. On the upside, there is a resistance level at 22.18. A further resistance level may holdings at 22.43. The Relative Strength Index (RSI) on the 14-day chart is 35.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.04%. Stochastics %K at 28.53% indicates the stock is a holding.
