Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ingersoll-Rand Inc shares valued at $246,621 were purchased by Scheske Michael J on Nov 05 ’24. At $97.44 per share, Scheske Michael J acquired 2,531 shares.
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Also, Schiesl Andrew R purchased 24,234 shares, netting a total of over 2,304,243 in proceeds.
Before that, Keene Kathleen M. had sold 4,629 shares from its account. In a trade valued at $416,578, the insider traded Ingersoll-Rand Inc shares for $89.99 each. Upon closing the transaction, the insider’s holdings decreased to 4,629 shares, worth approximately $0.39 million.
As published in their initiating research note from Morgan Stanley on September 06, 2024, Ingersoll-Rand Inc [IR] has been an Equal-weight and the price target has been revised to $97. As of March 12, 2024, Exane BNP Paribas has initiated its “Neutral” rating for IR. Earlier on February 20, 2024, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for IR stock which previously was a “an Outperform”.
Analyzing IR Stock Performance
During the last five days, there has been a surge of approximately 5.86%. Over the course of the year, Ingersoll-Rand Inc shares have jumped approximately 33.15%. Shares of the company reached a 52-week high of $103.25 on 11/06/24 and a 52-week low of $74.01 on 01/08/24. A 50-day SMA is recorded $95.77, while a 200-day SMA reached $92.33. Nevertheless, trading volume fell to 3.72 million shares from 2.08 million shares the previous day.
Support And Resistance Levels for Ingersoll-Rand Inc (IR)
According to the 24-hour chart, there is a support level at 101.57, which, if violated, would cause prices to drop to 100.16. In the upper region, resistance lies at 103.82. The next price resistance is at 104.66. RSI (Relative Strength Index) is 64.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.98, which suggests the price will decrease in the coming days. Percent R is at 2.77%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
