Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Interactive Brokers Group Inc shares valued at $535,050 were sold by Nemser Earl H on Feb 22 ’24. At $107.01 per share, Nemser Earl H sold 5,000 shares. The insider’s holdings dropped to 108,770 shares worth approximately $12.84 million following the completion of this transaction.
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Also, Nemser Earl H sold 5,000 shares, netting a total of over 524,300 in proceeds. Following the sale of shares at $104.86 each, the insider now holds 113,770 shares.
Before that, Nemser Earl H had sold 10,000 shares from its account. In a trade valued at $1,035,329, the Vice Chairman traded Interactive Brokers Group Inc shares for $103.53 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $14.61 million.
As published in a research note from Keefe Bruyette on July 11, 2024, Interactive Brokers Group Inc [IBKR] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $135 from $128. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 01, 2023, Redburn Atlantic has initiated its “Buy” rating for IBKR. Earlier on October 03, 2023, UBS initiated its rating. Their recommendation was “a Buy” for IBKR stock.
Analyzing IBKR Stock Performance
During the last five days, there has been a surge of approximately 4.69%. Over the course of the year, Interactive Brokers Group Inc shares have jumped approximately 42.41%. Shares of the company reached a 52-week high of $129.19 on 05/28/24 and a 52-week low of $82.26 on 01/02/24. A 50-day SMA is recorded $120.81, while a 200-day SMA reached $104.91. Nevertheless, trading volume fell to 0.78 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Interactive Brokers Group Inc (IBKR)
According to the 24-hour chart, there is a support level at 117.19, which, if violated, would cause prices to drop to 116.31. In the upper region, resistance lies at 119.37. The next price resistance is at 120.67. RSI (Relative Strength Index) is 49.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.73, which suggests the price will increase in the coming days. Percent R is at 20.54%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
