MGP Ingredients, Inc.’s recent filing unveils that its Director Seaberg Karen acquired Company’s shares for reported $24073.0 on Oct 01 ’24. In the deal valued at $90.50 per share,266 shares were bought.
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Then, Seaberg Karen bought 216 shares, generating $19,548 in total proceeds.
Before that, Seaberg Karen bought 1,326 shares. MGP Ingredients, Inc. shares valued at $120,003 were divested by the Director at a price of $90.50 per share.
Lake Street downgraded its MGP Ingredients, Inc. [MGPI] rating to a Hold from a a Buy in a research note published on October 18, 2024; the price target was decreased to $75 from $135. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. Wells Fargo began covering MGPI with “an Overweight” recommendation on August 15, 2022. ROTH Capital started covering the stock on June 30, 2022. It rated MGPI as “a Buy”.
Price Performance Review of MGPI
On Friday, MGP Ingredients, Inc. [NASDAQ:MGPI] saw its stock fall -24.16% to $61.86. Over the last five days, the stock has lost -22.11%. MGP Ingredients, Inc. shares have fallen nearly -37.21% since the year began. Nevertheless, the stocks have fallen -38.44% over the past one year. While a 52-week high of $102.58 was reached on 01/02/24, a 52-week low of $68.86 was recorded on 10/18/24. SMA at 50 days reached $84.02, while 200 days put it at $82.05.
Levels Of Support And Resistance For MGPI Stock
The 24-hour chart illustrates a support level at 57.88, which if violated will result in even more drops to 53.90. On the upside, there is a resistance level at 67.06. A further resistance level may holdings at 72.26. The Relative Strength Index (RSI) on the 14-day chart is 16.39, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.24%. Stochastics %K at 36.51% indicates the stock is a holding.
How much short interest is there in MGP Ingredients, Inc.?
A steep rise in short interest was recorded in MGP Ingredients, Inc. stocks on 2024-09-30, growing by 0.4 million shares to a total of 4.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.9 million shares. There was a rise of 9.37%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 22, 2022 when Lake Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $100 price target.
