Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Innodata Inc shares valued at $3,262,244 were sold by MISHRA ASHOK on Nov 21 ’24. At $47.13 per share, MISHRA ASHOK sold 69,218 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, MISHRA ASHOK sold 17,274 shares, netting a total of over 780,094 in proceeds. Following the sale of shares at $45.16 each, the insider now holds 0 shares.
Before that, ABUHOFF JACK had sold 225,000 shares from its account. In a trade valued at $10,436,258, the CEO and President traded Innodata Inc shares for $46.38 each. Upon closing the transaction, the insider’s holdings decreased to 225,000 shares, worth approximately $54.94 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 18.05%. Over the course of the year, Innodata Inc shares have jumped approximately 467.94%. 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 $22.64, while a 200-day SMA reached $14.76. Nevertheless, trading volume fell to 2.14 million shares from 1.27 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 44.06, which, if violated, would cause prices to drop to 41.88. In the upper region, resistance lies at 48.05. The next price resistance is at 49.86. RSI (Relative Strength Index) is 75.38 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.13, which suggests the price will increase in the coming days. Percent R is at 11.82%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
