The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ingersoll-Rand Inc shares valued at $246,621 were sold by Scheske Michael J on Nov 05 ’24. At $97.44 per share, Scheske Michael J sold 2,531 shares. The insider’s holdings dropped to 11,910 shares worth approximately $1.24 million following the completion of this transaction.
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Also, Schiesl Andrew R sold 24,234 shares, netting a total of over 2,304,241 in proceeds. Following the sale of shares at $95.08 each, the insider now holds 30,846 shares.
Before that, Scheske Michael J had added 2,531 shares to its account. In a trade valued at $246,621, the Insider bought Ingersoll-Rand Inc shares for $97.44 each.
Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early September. Earlier on March 12, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “a Neutral” for IR stock.
Analyzing IR Stock Performance
During the last five days, there has been a surge of approximately 1.33%. Over the course of the year, Ingersoll-Rand Inc shares have jumped approximately 34.92%. Shares of the company reached a 52-week high of $105.63 on 11/12/24 and a 52-week low of $74.01 on 01/08/24. A 50-day SMA is recorded $97.21, while a 200-day SMA reached $92.94. Nevertheless, trading volume fell to 1.72 million shares from 1.71 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 103.93, which, if violated, would cause prices to drop to 103.52. In the upper region, resistance lies at 104.98. The next price resistance is at 105.61. RSI (Relative Strength Index) is 64.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.99, which suggests the price will increase in the coming days. Percent R is at 10.55%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
