Ingersoll-Rand Inc’s recent filing unveils that its insider Keene Kathleen M. unloaded Company’s shares for reported $0.42 million on Aug 27 ’24. In the deal valued at $89.99 per share,4,629 shares were sold. As a result of this transaction, Keene Kathleen M. now holds 3,829 shares worth roughly $0.39 million.
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Then, Keene Kathleen M. sold 45 shares, generating $4,095 in total proceeds. Upon selling the shares at $91.00, the insider now owns 3,784 shares.
Before that, Kathleen Keene bought 45 shares. Ingersoll-Rand Inc shares valued at $4,095 were divested by the Officer at a price of $91.00 per share.
Morgan Stanley initiated its Ingersoll-Rand Inc [IR] rating to an Equal-weight in a research note published on September 06, 2024; the price target was $97. Exane BNP Paribas began covering IR with “Neutral” recommendation on March 12, 2024. Evercore ISI revised its rating on February 20, 2024. It rated IR as “an In-line” which previously was an “an Outperform”.
Price Performance Review of IR
On Friday, Ingersoll-Rand Inc [NYSE:IR] saw its stock jump 2.22% to $101.13. Over the last five days, the stock has gained 3.11%. Ingersoll-Rand Inc shares have risen nearly 30.76% since the year began. Nevertheless, the stocks have risen 59.86% over the past one year. While a 52-week high of $101.30 was reached on 07/23/24, a 52-week low of $59.20 was recorded on 01/08/24. SMA at 50 days reached $92.56, while 200 days put it at $89.84.
Levels Of Support And Resistance For IR Stock
The 24-hour chart illustrates a support level at 99.83, which if violated will result in even more drops to 98.52. On the upside, there is a resistance level at 101.80. A further resistance level may holdings at 102.46. The Relative Strength Index (RSI) on the 14-day chart is 67.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.30%. Stochastics %K at 91.61% indicates the stock is a selling.
How much short interest is there in Ingersoll-Rand Inc?
A steep rise in short interest was recorded in Ingersoll-Rand Inc stocks on 2024-09-13, dropping by -0.82 million shares to a total of 9.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.89 million shares. There was a decline of -9.03%, which implies that there is a negative sentiment for the stock.
