Ingredion Inc’s recent filing unveils that its SVP, Chief Comm & Sust Officer Fernandes Larry unloaded Company’s shares for reported $0.72 million on Nov 06 ’24. In the deal valued at $153.41 per share,4,700 shares were sold. As a result of this transaction, Fernandes Larry now holds 29,034 shares worth roughly $4.09 million.
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Then, Fernandes Larry bought 4,700 shares, generating $721,027 in total proceeds.
Before that, Zallie James P. sold 371 shares. Ingredion Inc shares valued at $49,558 were divested by the President and CEO at a price of $133.58 per share. As a result of the transaction, Zallie James P. now holds 52,159 shares, worth roughly $7.35 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 Friday, Ingredion Inc [NYSE:INGR] saw its stock fall -5.60% to $140.83. Over the last five days, the stock has lost -7.07%. Ingredion Inc shares have risen nearly 29.76% since the year began. Nevertheless, the stocks have risen 36.02% over the past one year. While a 52-week high of $155.44 was reached on 11/06/24, a 52-week low of $100.90 was recorded on 01/09/24. SMA at 50 days reached $137.55, while 200 days put it at $123.01.
Levels Of Support And Resistance For INGR Stock
The 24-hour chart illustrates a support level at 137.42, which if violated will result in even more drops to 134.00. On the upside, there is a resistance level at 146.63. A further resistance level may holdings at 152.43. The Relative Strength Index (RSI) on the 14-day chart is 48.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 63.63%. Stochastics %K at 61.75% 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 2024-10-31, dropping by -0.14 million shares to a total of 0.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.75 million shares. There was a decline of -23.42%, which implies that there is a negative sentiment for the stock.
