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. Innovex International Inc shares valued at $88,020 were sold by Webster James C. on Aug 12 ’24. At $14.67 per share, Webster James C. sold 6,000 shares. The insider’s holdings dropped to 56,735 shares worth approximately $0.96 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Webster James C. purchased 6,000 shares, netting a total of over 86,160 in proceeds.
Before that, Webster James C. had sold 4,000 shares from its account. In a trade valued at $92,640, the VP, Gen Counsel & Secretary traded Innovex International Inc shares for $23.16 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $1.06 million.
As published in a research note from Tudor Pickering Holt & Co. on March 14, 2022, Innovex International Inc [INVX] has been rated down from a Buy to a Hold and the price target has been revised to $35 from $38. Analysts at Seaport Global Securities started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid July. As of April 01, 2021, BTIG Research has initiated its “Neutral” rating for INVX. Earlier on March 05, 2021, Barclays downgraded its rating. Their new recommendation was “an Underweight” for INVX stock which previously was a “an Equal weight”.
Analyzing INVX Stock Performance
During the last five days, there has been a surge of approximately 6.22%. Over the course of the year, Innovex International Inc shares have dropped approximately -27.37%. Shares of the company reached a 52-week high of $25.19 on 03/25/24 and a 52-week low of $13.80 on 11/01/24. A 50-day SMA is recorded $15.30, while a 200-day SMA reached $18.10. Nevertheless, trading volume fell to 0.49 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Innovex International Inc (INVX)
According to the 24-hour chart, there is a support level at 16.65, which, if violated, would cause prices to drop to 16.41. In the upper region, resistance lies at 17.04. The next price resistance is at 17.18. RSI (Relative Strength Index) is 65.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.03, which suggests the price will increase in the coming days. Percent R is at 3.13%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
