Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ingersoll-Rand Inc shares valued at $416,578 were sold by Keene Kathleen M. on Aug 27 ’24. At $89.99 per share, Keene Kathleen M. sold 4,629 shares. The insider’s holdings dropped to 3,829 shares worth approximately $0.38 million following the completion of this transaction.
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Also, Keene Kathleen M. sold 45 shares, netting a total of over 4,095 in proceeds. Following the sale of shares at $91.00 each, the insider now holds 3,784 shares.
Before that, Kathleen Keene had added 45 shares to its account. In a trade valued at $4,095, the Officer bought Ingersoll-Rand Inc shares for $91.00 each.
As published in their initiating research note from Morgan Stanley on September 06, 2024, Ingersoll-Rand Inc [IR] has been an Equal-weight and the price target has been revised to $97. As of March 12, 2024, Exane BNP Paribas has initiated its “Neutral” rating for IR. Earlier on February 20, 2024, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for IR stock which previously was a “an Outperform”.
Analyzing IR Stock Performance
During the last five days, there has been a surge of approximately 5.17%. Over the course of the year, Ingersoll-Rand Inc shares have jumped approximately 29.22%. Shares of the company reached a 52-week high of $101.30 on 07/23/24 and a 52-week low of $74.01 on 01/08/24. A 50-day SMA is recorded $92.41, while a 200-day SMA reached $89.59. Nevertheless, trading volume fell to 3.39 million shares from 2.76 million shares the previous day.
Support And Resistance Levels for Ingersoll-Rand Inc (IR)
According to the 24-hour chart, there is a support level at 97.85, which, if violated, would cause prices to drop to 95.75. In the upper region, resistance lies at 101.39. The next price resistance is at 102.83. RSI (Relative Strength Index) is 67.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.61, which suggests the price will increase in the coming days. Percent R is at 7.12%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
