Ingersoll-Rand Inc’s recently made public that its insider Reynal Vicente unloaded Company’s shares for reported $17.49 million on Jun 04 ’24. In the deal valued at $88.11 per share,198,486 shares were sold. As a result of this transaction, Reynal Vicente now holds 100,367 shares worth roughly $9.12 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Reynal Vicente sold 258,488 shares, generating $23,272,604 in total proceeds. Upon selling the shares at $90.03, the insider now owns 100,367 shares.
Before that, Schiesl Andrew R sold 22,369 shares. Ingersoll-Rand Inc shares valued at $2,061,863 were divested by the insider at a price of $92.17 per share. As a result of the transaction, Schiesl Andrew R now holds 30,846 shares, worth roughly $2.8 million.
A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in mid March with a ‘”a Neutral”‘ rating. Evercore ISI also remained covering IR and has decreased its forecast on February 20, 2024 with a “an In-line” recommendation from previously “an Outperform” rating. Stifel revised its rating on October 24, 2023. It rated IR as “a Buy” which previously was an “a Hold”.
Price Performance Review of IR
On Friday, Ingersoll-Rand Inc [NYSE:IR] saw its stock fall -0.14% to $90.84. Over the last five days, the stock has lost -2.21%. Ingersoll-Rand Inc shares have risen nearly 17.46% since the year began. Nevertheless, the stocks have risen 42.70% over the past one year. While a 52-week high of $96.67 was reached on 05/23/24, a 52-week low of $59.20 was recorded on 01/08/24. SMA at 50 days reached $91.74, while 200 days put it at $80.80. A total of 2.83 million shares were traded, compared to the trading of 1.95 million shares in the previous session.
Levels Of Support And Resistance For IR Stock
The 24-hour chart illustrates a support level at 90.04, which if violated will result in even more drops to 89.24. On the upside, there is a resistance level at 91.78. A further resistance level may holdings at 92.73. The Relative Strength Index (RSI) on the 14-day chart is 46.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.11%. Stochastics%K at 35.63% indicates the stock is a holding.
