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Integer Holdings Corp (ITGR) receives a Buy rating from BofA Securities

Integer Holdings Corp’s recently made public that its VP, Corporate Controller Thomas Tommy P unloaded Company’s shares for reported $0.17 million on Apr 30 ’24. In the deal valued at $114.00 per share,1,500 shares were sold. As a result of this transaction, Thomas Tommy P now holds 2,813 shares worth roughly $0.32 million.

Then, Spence Donald J sold 6,500 shares, generating $535,061 in total proceeds. Upon selling the shares at $82.32, the Director now owns 18,781 shares.

Before that, Hobby Jean M. sold 3,625 shares. Integer Holdings Corp shares valued at $303,956 were divested by the Director at a price of $83.85 per share. As a result of the transaction, Hobby Jean M. now holds 9,126 shares, worth roughly $1.03 million.

BofA Securities upgraded its Integer Holdings Corp [ITGR] rating to a Buy from a a Neutral in a research note published on April 15, 2024; the price target was increased to $135 from $105. A number of analysts have revised their coverage, including CL King’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Wells Fargo started covering the stock on May 26, 2023. It rated ITGR as “an Equal weight”.

Price Performance Review of ITGR

On Tuesday, Integer Holdings Corp [NYSE:ITGR] saw its stock jump 1.26% to $113.14. Over the last five days, the stock has gained 1.35%. Integer Holdings Corp shares have risen nearly 14.19% since the year began. Nevertheless, the stocks have risen 37.56% over the past one year. While a 52-week high of $123.99 was reached on 04/24/24, a 52-week low of $69.40 was recorded on 02/15/24. SMA at 50 days reached $114.34, while 200 days put it at $95.82. A total of 0.2 million shares were traded, compared to the trading of 0.15 million shares in the previous session.

Levels Of Support And Resistance For ITGR Stock

The 24-hour chart illustrates a support level at 112.00, which if violated will result in even more drops to 110.85. On the upside, there is a resistance level at 114.46. A further resistance level may holdings at 115.77. The Relative Strength Index (RSI) on the 14-day chart is 48.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.28%. Stochastics %K at 29.25% indicates the stock is a holding.

The most recent change occurred on May 11, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $88 price target.

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