In a filing, Ingredion Inc revealed its President and CEO Zallie James P. unloaded Company’s shares for reported $3.2 million on Jun 03 ’24. In the deal valued at $116.36 per share,27,500 shares were sold. As a result of this transaction, Zallie James P. now holds 52,197 shares worth roughly $5.99 million.
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Then, Gray James D sold 8,490 shares, generating $1,033,538 in total proceeds. Upon selling the shares at $121.74, the Executive VP and CFO now owns 42,833 shares.
Before that, Fernandes Larry sold 2,369 shares. Ingredion Inc shares valued at $282,183 were divested by the SVP, Chief Comm & Sust Officer at a price of $119.11 per share. As a result of the transaction, Fernandes Larry now holds 28,848 shares, worth roughly $3.31 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 Friday, Ingredion Inc [NYSE:INGR] saw its stock fall -0.10% to $114.70. Over the last five days, the stock has lost -0.69%. Ingredion Inc shares have risen nearly 5.69% since the year began. Nevertheless, the stocks have risen 9.80% over the past one year. While a 52-week high of $122.18 was reached on 05/13/24, a 52-week low of $89.54 was recorded on 01/09/24. SMA at 50 days reached $116.08, while 200 days put it at $108.76. A total of 0.52 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For INGR Stock
The 24-hour chart illustrates a support level at 114.03, which if violated will result in even more drops to 113.36. On the upside, there is a resistance level at 115.41. A further resistance level may holdings at 116.12. The Relative Strength Index (RSI) on the 14-day chart is 45.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.33%. Stochastics%K at 35.99% indicates the stock is a holding.
