Ingersoll-Rand Inc’s filing revealed 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 $0.36 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 fall -2.11% to $93.97. Over the last five days, the stock has lost -2.24%. Ingersoll-Rand Inc shares have risen nearly 21.50% since the year began. Nevertheless, the stocks have risen 51.59% over the past one year. While a 52-week high of $102.74 was reached on 10/15/24, a 52-week low of $60.34 was recorded on 01/08/24. SMA at 50 days reached $95.32, while 200 days put it at $92.04.
Levels Of Support And Resistance For IR Stock
The 24-hour chart illustrates a support level at 92.38, which if violated will result in even more drops to 90.78. On the upside, there is a resistance level at 96.69. A further resistance level may holdings at 99.41. The Relative Strength Index (RSI) on the 14-day chart is 37.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.92%. Stochastics %K at 12.65% indicates the stock is a buying.
How much short interest is there in Ingersoll-Rand Inc?
A steep rise in short interest was recorded in Ingersoll-Rand Inc stocks on 2024-10-15, growing by 0.71 million shares to a total of 9.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.07 million shares. There was a rise of 7.3%, which implies that there is a positive sentiment for the stock.
