Ingersoll-Rand Inc’s recent filing unveils that its insider Schiesl Andrew R unloaded Company’s shares for reported $3.13 million on Mar 11 ’24. In the deal valued at $89.46 per share,35,000 shares were sold. As a result of this transaction, Schiesl Andrew R now holds 16,525 shares worth roughly $1.55 million.
Then, Reynal Vicente sold 240,000 shares, generating $21,638,640 in total proceeds. Upon selling the shares at $90.16, the insider now owns 91,957 shares.
Before that, Reynal Vicente sold 80,000 shares. Ingersoll-Rand Inc shares valued at $7,209,600 were divested by the insider at a price of $90.12 per share. As a result of the transaction, Reynal Vicente now holds 82,573 shares, worth roughly $7.72 million.
Exane BNP Paribas initiated its Ingersoll-Rand Inc [IR] rating to a Neutral in a research note published on March 12, 2024; the price target was $92. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid February from “an Outperform” to “an In-line”. Stifel also remained covering IR and has increased its forecast on October 24, 2023 with a “Buy” recommendation from previously “Hold” rating. Evercore ISI revised its rating on May 09, 2023. It rated IR as “an Outperform” which previously was an “an In-line”.
Price Performance Review of IR
On Friday, Ingersoll-Rand Inc [NYSE:IR] saw its stock jump 1.60% to $93.50. Over the last five days, the stock has gained 5.77%. Ingersoll-Rand Inc shares have risen nearly 20.89% since the year began. Nevertheless, the stocks have risen 75.06% over the past one year. While a 52-week high of $96.17 was reached on 03/25/24, a 52-week low of $53.24 was recorded on 01/08/24. SMA at 50 days reached $91.56, while 200 days put it at $75.50. A total of 1.97 million shares were traded, compared to the trading of 65241.0 shares in the previous session.
Levels Of Support And Resistance For IR Stock
The 24-hour chart illustrates a support level at 92.55, which if violated will result in even more drops to 91.61. On the upside, there is a resistance level at 94.20. A further resistance level may holdings at 94.91. The Relative Strength Index (RSI) on the 14-day chart is 58.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.05%. Stochastics %K at 68.59% indicates the stock is a holding.
