Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Informatica Inc shares valued at $268,316 were sold by Pellowski Mark on Oct 15 ’24. At $26.76 per share, Pellowski Mark sold 10,026 shares. The insider’s holdings dropped to 142,671 shares worth approximately $3.8 million following the completion of this transaction.
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Also, Schweitzer John Arthur sold 8,501 shares, netting a total of over 227,495 in proceeds. Following the sale of shares at $26.76 each, the insider now holds 393,686 shares.
Before that, JOHN SCHWEITZER had added 8,501 shares to its account. In a trade valued at $227,402, the Officer bought Informatica Inc shares for $26.75 each.
As published in their initiating research note from Robert W. Baird on April 03, 2024, Informatica Inc [INFA] has been an Outperform and the price target has been revised to $43. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid February. As of November 14, 2023, DA Davidson has initiated its “Neutral” rating for INFA. Earlier on January 27, 2023, Guggenheim initiated its rating. Their recommendation was “a Buy” for INFA stock.
Analyzing INFA Stock Performance
During the last five days, there has been a drop of approximately -1.30%. Over the course of the year, Informatica Inc shares have dropped approximately -6.13%. Shares of the company reached a 52-week high of $39.80 on 04/12/24 and a 52-week low of $22.08 on 08/05/24. A 50-day SMA is recorded $25.27, while a 200-day SMA reached $29.16. Nevertheless, trading volume fell to 1.01 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Informatica Inc (INFA)
According to the 24-hour chart, there is a support level at 26.43, which, if violated, would cause prices to drop to 26.22. In the upper region, resistance lies at 27.00. The next price resistance is at 27.36. RSI (Relative Strength Index) is 60.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 23.58%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
