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Tudor Pickering Holt & Co. Downgrades Innovex International Inc (INVX) to a Hold from a Buy

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Innovex International Inc’s filing revealed that its VP, Gen Counsel & Secretary Webster James C. unloaded Company’s shares for reported $88020.0 on Aug 12 ’24. In the deal valued at $14.67 per share,6,000 shares were sold. As a result of this transaction, Webster James C. now holds 56,735 shares worth roughly $0.92 million.

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Then, Webster James C. bought 6,000 shares, generating $86,160 in total proceeds.

Before that, Webster James C. sold 4,000 shares. Innovex International Inc shares valued at $92,640 were divested by the VP, Gen Counsel & Secretary at a price of $23.16 per share. As a result of the transaction, Webster James C. now holds 62,735 shares, worth roughly $1.01 million.

Tudor Pickering Holt & Co. downgraded its Innovex International Inc [INVX] rating to a Hold from a a Buy in a research note published on March 14, 2022; the price target was decreased to $35 from $38. A number of analysts have revised their coverage, including Seaport Global Securities’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. BTIG Research began covering INVX with “Neutral” recommendation on April 01, 2021. Barclays revised its rating on March 05, 2021. It rated INVX as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of INVX

On Tuesday, Innovex International Inc [NYSE:INVX] saw its stock jump 1.19% to $16.15. Over the last five days, the stock has gained 11.76%. Innovex International Inc shares have fallen nearly -30.60% since the year began. Nevertheless, the stocks have fallen -27.71% over the past one year. While a 52-week high of $25.19 was reached on 03/25/24, a 52-week low of $13.80 was recorded on 11/01/24. SMA at 50 days reached $15.20, while 200 days put it at $18.21.

Levels Of Support And Resistance For INVX Stock

The 24-hour chart illustrates a support level at 15.78, which if violated will result in even more drops to 15.41. On the upside, there is a resistance level at 16.50. A further resistance level may holdings at 16.85. The Relative Strength Index (RSI) on the 14-day chart is 61.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.31%. Stochastics %K at 82.90% indicates the stock is a selling.

How much short interest is there in Innovex International Inc?

A steep rise in short interest was recorded in Innovex International Inc stocks on 2024-10-31, dropping by 324.0 shares to a total of 1.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.49 million shares. There was a decline of -0.02%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 04, 2020 when Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $28.

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