Ingredion Inc’s filing revealed that its Director Uribe Jorge A. unloaded Company’s shares for reported $84.0 on Mar 29 ’24. In the deal valued at $116.81 per share,1 shares were sold. As a result of this transaction, Uribe Jorge A. now holds 12,556 shares worth roughly $1.46 million.
Then, Gray James D sold 1 shares, generating $68 in total proceeds. Upon selling the shares at $114.75, the Executive VP and CFO now owns 46,258 shares.
Before that, Fernandes Larry sold 1 shares. Ingredion Inc shares valued at $62 were divested by the SVP, Chief Comm & Sust Officer at a price of $114.75 per share. As a result of the transaction, Fernandes Larry now holds 28,818 shares, worth roughly $3.36 million.
Goldman upgraded its Ingredion Inc [INGR] rating to a Buy from a a Neutral in a research note published on February 15, 2024; the price target was increased to $135 from $122. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. UBS revised its rating on April 13, 2023. It rated INGR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of INGR
On Tuesday, Ingredion Inc [NYSE:INGR] saw its stock jump 1.01% to $116.57. Over the last five days, the stock has gained 1.73%. Ingredion Inc shares have risen nearly 7.41% since the year began. Nevertheless, the stocks have risen 7.54% over the past one year. While a 52-week high of $118.83 was reached on 03/13/24, a 52-week low of $89.54 was recorded on 01/09/24. SMA at 50 days reached $115.20, while 200 days put it at $106.42. A total of 0.36 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For INGR Stock
The 24-hour chart illustrates a support level at 116.13, which if violated will result in even more drops to 115.70. On the upside, there is a resistance level at 116.84. A further resistance level may holdings at 117.12. The Relative Strength Index (RSI) on the 14-day chart is 60.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.12%. Stochastics %K at 91.99% indicates the stock is a selling.
