Ingredion Inc’s filing revealed that its President and CEO Zallie James P. unloaded Company’s shares for reported $49558.0 on Oct 10 ’24. In the deal valued at $133.58 per share,371 shares were sold. As a result of this transaction, Zallie James P. now holds 52,159 shares worth roughly $8.08 million.
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Then, Gray James D sold 90 shares, generating $12,022 in total proceeds. Upon selling the shares at $133.58, the Executive VP and CFO now owns 12,729 shares.
Before that, Ritchie Robert A. sold 44 shares. Ingredion Inc shares valued at $5,878 were divested by the SVP, Food & Industrial Ingred. at a price of $133.58 per share. As a result of the transaction, Ritchie Robert A. now holds 15,862 shares, worth roughly $2.46 million.
Barclays upgraded its Ingredion Inc [INGR] rating to an Overweight from a an Equal weight in a research note published on August 09, 2024; the price target was increased to $145 from $122. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “a Buy”. Oppenheimer began covering INGR with “an Outperform” recommendation on September 29, 2023.
Price Performance Review of INGR
On Tuesday, Ingredion Inc [NYSE:INGR] saw its stock jump 15.53% to $154.86. Over the last five days, the stock has gained 16.12%. Ingredion Inc shares have risen nearly 42.69% since the year began. Nevertheless, the stocks have risen 61.50% over the past one year. While a 52-week high of $138.37 was reached on 11/05/24, a 52-week low of $95.07 was recorded on 01/09/24. SMA at 50 days reached $135.18, while 200 days put it at $121.41.
Levels Of Support And Resistance For INGR Stock
The 24-hour chart illustrates a support level at 147.02, which if violated will result in even more drops to 139.19. On the upside, there is a resistance level at 158.78. A further resistance level may holdings at 162.71. The Relative Strength Index (RSI) on the 14-day chart is 84.94, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.04%. Stochastics %K at 54.93% indicates the stock is a holding.
How much short interest is there in Ingredion Inc?
A steep rise in short interest was recorded in Ingredion Inc stocks on 2024-10-15, dropping by -0.27 million shares to a total of 0.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.88 million shares. There was a decline of -44.13%, which implies that there is a negative sentiment for the stock.
