Innospec Inc’s recently made public that its VP & CFO Cleminson Ian unloaded Company’s shares for reported $0.75 million on Aug 23 ’24. In the deal valued at $113.60 per share,6,602 shares were sold. As a result of this transaction, Cleminson Ian now holds 16,394 shares worth roughly $1.87 million.
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Then, Cleminson Ian sold 3,398 shares, generating $389,902 in total proceeds. Upon selling the shares at $114.74, the VP & CFO now owns 12,996 shares.
Before that, PARRETTE LESLIE J bought 143 shares. Innospec Inc shares valued at $15,135 were divested by the Director at a price of $105.84 per share. As a result of the transaction, PARRETTE LESLIE J now holds 4,734 shares, worth roughly $0.54 million.
Seaport Research Partners initiated its Innospec Inc [IOSP] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including CL King’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. KeyBanc Capital Markets also remained covering IOSP and has decreased its forecast on April 12, 2019 with a “Sector weight” recommendation from previously “an Overweight” rating. Johnson Rice revised its rating on April 24, 2018. It rated IOSP as “a Buy” which previously was an “a Accumulate”.
Price Performance Review of IOSP
On Tuesday, Innospec Inc [NASDAQ:IOSP] saw its stock fall -0.04% to $113.89. Over the last five days, the stock has gained 4.26%. Innospec Inc shares have fallen nearly -7.59% since the year began. Nevertheless, the stocks have risen 10.01% over the past one year. While a 52-week high of $133.71 was reached on 05/10/24, a 52-week low of $95.69 was recorded on 08/12/24. SMA at 50 days reached $120.23, while 200 days put it at $120.59.
Levels Of Support And Resistance For IOSP Stock
The 24-hour chart illustrates a support level at 113.09, which if violated will result in even more drops to 112.30. On the upside, there is a resistance level at 114.76. A further resistance level may holdings at 115.64. The Relative Strength Index (RSI) on the 14-day chart is 47.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.67%. Stochastics%K at 74.93% indicates the stock is a holding.
How much short interest is there in Innospec Inc?
A steep rise in short interest was recorded in Innospec Inc stocks on 2024-07-31, growing by 28100.0 shares to a total of 0.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.19 million shares. There was a rise of 12.66%, which implies that there is a positive sentiment for the stock.
