Innodata Inc’s filing revealed that its Officer ASHOK KUMAR MISHRA acquired Company’s shares for reported $2.13 million on Nov 18 ’24. In the deal valued at $42.66 per share,50,000 shares were bought.
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Then, Massey Stewart R sold 50,000 shares, generating $2,027,636 in total proceeds. Upon selling the shares at $40.55, the Director now owns 25,262 shares.
Before that, Toor Nauman Sabeeh sold 23,040 shares. Innodata Inc shares valued at $1,061,453 were divested by the Director at a price of $46.07 per share. As a result of the transaction, Toor Nauman Sabeeh now holds 679,401 shares, worth roughly $28.15 million.
Craig Hallum initiated its Innodata Inc [INOD] rating to a Buy in a research note published on September 17, 2024; the price target was $23. A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. BWS Financial began covering INOD with “Buy” recommendation on May 22, 2024.
Price Performance Review of INOD
On Monday, Innodata Inc [NASDAQ:INOD] saw its stock jump 12.76% to $41.44. Over the last five days, the stock has lost -9.72%. Innodata Inc shares have risen nearly 409.09% since the year began. Nevertheless, the stocks have risen 377.42% over the past one year. While a 52-week high of $49.72 was reached on 11/12/24, a 52-week low of $5.46 was recorded on 04/22/24. SMA at 50 days reached $20.84, while 200 days put it at $14.24.
Levels Of Support And Resistance For INOD Stock
The 24-hour chart illustrates a support level at 38.84, which if violated will result in even more drops to 36.24. On the upside, there is a resistance level at 43.92. A further resistance level may holdings at 46.40. The Relative Strength Index (RSI) on the 14-day chart is 71.66, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.56%. Stochastics %K at 64.70% indicates the stock is a holding.
How much short interest is there in Innodata Inc?
A steep rise in short interest was recorded in Innodata Inc stocks on 2024-10-31, dropping by 4005.0 shares to a total of 3.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.81 million shares. There was a decline of -0.11%, which implies that there is a negative sentiment for the stock.
