Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Innodata Inc shares valued at $2,027,636 were sold by Massey Stewart R on Nov 13 ’24. At $40.55 per share, Massey Stewart R sold 50,000 shares. The insider’s holdings dropped to 25,262 shares worth approximately $0.99 million following the completion of this transaction.
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Also, Toor Nauman Sabeeh sold 23,040 shares, netting a total of over 1,061,453 in proceeds. Following the sale of shares at $46.07 each, the insider now holds 679,401 shares.
Before that, Toor Nauman Sabeeh had sold 16,960 shares from its account. In a trade valued at $780,160, the Director traded Innodata Inc shares for $46.00 each. Upon closing the transaction, the insider’s holdings decreased to 16,960 shares, worth approximately $27.51 million.
As published in their initiating research note from Craig Hallum on September 17, 2024, Innodata Inc [INOD] has been a Buy and the price target has been revised to $23. Analysts at Maxim Group started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of May 22, 2024, BWS Financial has initiated its “Buy” rating for INOD.
Analyzing INOD Stock Performance
During the last five days, there has been a surge of approximately 60.89%. Over the course of the year, Innodata Inc shares have jumped approximately 381.08%. Shares of the company reached a 52-week high of $49.72 on 11/12/24 and a 52-week low of $5.46 on 04/22/24. A 50-day SMA is recorded $19.84, while a 200-day SMA reached $13.96. Nevertheless, trading volume fell to 1.19 million shares from 2.8 million shares the previous day.
Support And Resistance Levels for Innodata Inc (INOD)
According to the 24-hour chart, there is a support level at 37.28, which, if violated, would cause prices to drop to 35.39. In the upper region, resistance lies at 40.35. The next price resistance is at 41.53. RSI (Relative Strength Index) is 72.74 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.27, which suggests the price will increase in the coming days. Percent R is at 35.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
