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Recent Insider Activity Could Benefit Ingredion Inc (INGR)

In a filing, Ingredion Inc revealed its SVP, Chief Comm & Sust Officer Fernandes Larry unloaded Company’s shares for reported $0.28 million on May 09 ’24. In the deal valued at $119.11 per share,2,369 shares were sold. As a result of this transaction, Fernandes Larry now holds 28,848 shares worth roughly $3.5 million.

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Then, Uribe Jorge A. sold 1 shares, generating $84 in total proceeds. Upon selling the shares at $116.81, the Director now owns 12,556 shares.

Before that, Gray James D sold 1 shares. Ingredion Inc shares valued at $68 were divested by the Executive VP and CFO at a price of $114.75 per share. As a result of the transaction, Gray James D now holds 46,258 shares, worth roughly $5.61 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 Monday, Ingredion Inc [NYSE:INGR] saw its stock jump 0.96% to $121.37. Over the last five days, the stock has gained 5.16%. Ingredion Inc shares have risen nearly 11.83% since the year began. Nevertheless, the stocks have risen 10.71% over the past one year. While a 52-week high of $120.53 was reached on 05/13/24, a 52-week low of $89.54 was recorded on 01/09/24. SMA at 50 days reached $115.48, while 200 days put it at $106.62. A total of 0.57 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For INGR Stock

The 24-hour chart illustrates a support level at 120.61, which if violated will result in even more drops to 119.84. On the upside, there is a resistance level at 122.16. A further resistance level may holdings at 122.94. The Relative Strength Index (RSI) on the 14-day chart is 73.15, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.59%. Stochastics %K at 95.67% indicates the stock is a selling.

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