Intercorp Financial Services Inc’s recent filing unveils that its 10% Owner INTERCORP PERU LTD acquired Company’s shares for reported $6.73 million on Jun 27 ’24. In the deal valued at $19.67 per share,342,154 shares were bought. As a result of this transaction, INTERCORP PERU LTD now holds 1,595,688 shares worth roughly $40.53 million.
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Then, INTERCORP PERU LTD bought 437,369 shares, generating $8,572,433 in total proceeds. Upon buying the shares at $19.60, the 10% Owner now owns 1,253,535 shares.
Before that, INTERCORP PERU LTD bought 321,466 shares. Intercorp Financial Services Inc shares valued at $6,429,325 were divested by the 10% Owner at a price of $20.00 per share. As a result of the transaction, INTERCORP PERU LTD now holds 816,166 shares, worth roughly $20.73 million.
Jefferies initiated its Intercorp Financial Services Inc [IFS] rating to a Buy in a research note published on October 16, 2023; the price target was $34.90. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early June from “a Neutral” to “an Overweight”. Scotiabank also remained covering IFS and has increased its forecast on December 15, 2022 with a “Sector outperform” recommendation from previously “Sector perform” rating. Itau BBA revised its rating on March 11, 2022. It rated IFS as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of IFS
On Friday, Intercorp Financial Services Inc [NYSE:IFS] saw its stock jump 2.79% to $25.40. Over the last five days, the stock has gained 6.68%. Intercorp Financial Services Inc shares have risen nearly 15.72% since the year began. Nevertheless, the stocks have risen 9.20% over the past one year. While a 52-week high of $30.59 was reached on 02/26/24, a 52-week low of $17.94 was recorded on 04/17/24. SMA at 50 days reached $23.02, while 200 days put it at $23.05.
Levels Of Support And Resistance For IFS Stock
The 24-hour chart illustrates a support level at 24.95, which if violated will result in even more drops to 24.50. On the upside, there is a resistance level at 25.65. A further resistance level may holdings at 25.90. The Relative Strength Index (RSI) on the 14-day chart is 77.92, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.61%. Stochastics %K at 95.46% indicates the stock is a selling.
How much short interest is there in Intercorp Financial Services Inc?
A steep rise in short interest was recorded in Intercorp Financial Services Inc stocks on 2024-08-15, dropping by -0.11 million shares to a total of 85613.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.2 million shares. There was a decline of -129.99%, which implies that there is a negative sentiment for the stock.
