Ingersoll-Rand Inc’s recent filing unveils that its VP, Chief Accounting Officer Scheske Michael J unloaded Company’s shares for reported $0.25 million on Nov 05 ’24. In the deal valued at $97.44 per share,2,531 shares were sold. As a result of this transaction, Scheske Michael J now holds 11,910 shares worth roughly $1.24 million.
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Then, Schiesl Andrew R sold 24,234 shares, generating $2,304,241 in total proceeds. Upon selling the shares at $95.08, the insider now owns 30,846 shares.
Before that, Scheske Michael J bought 2,531 shares. Ingersoll-Rand Inc shares valued at $246,621 were divested by the Insider at a price of $97.44 per share.
Stifel downgraded its Ingersoll-Rand Inc [IR] rating to a Hold from a a Buy in a research note published on November 18, 2024; the price target was decreased to $107 from $112. Morgan Stanley began covering IR with “an Equal-weight” recommendation on September 06, 2024.
Price Performance Review of IR
On Friday, Ingersoll-Rand Inc [NYSE:IR] saw its stock jump 0.93% to $104.00. Over the last five days, the stock has gained 1.53%. Ingersoll-Rand Inc shares have risen nearly 34.47% since the year began. Nevertheless, the stocks have risen 47.08% over the past one year. While a 52-week high of $105.63 was reached on 11/12/24, a 52-week low of $69.46 was recorded on 01/08/24. SMA at 50 days reached $99.20, while 200 days put it at $93.63.
Levels Of Support And Resistance For IR Stock
The 24-hour chart illustrates a support level at 102.72, which if violated will result in even more drops to 101.44. On the upside, there is a resistance level at 105.12. A further resistance level may holdings at 106.24. The Relative Strength Index (RSI) on the 14-day chart is 61.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.83%. Stochastics %K at 80.83% indicates the stock is a selling.
How much short interest is there in Ingersoll-Rand Inc?
A steep rise in short interest was recorded in Ingersoll-Rand Inc stocks on 2024-10-31, dropping by -0.42 million shares to a total of 9.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.59 million shares. There was a decline of -4.62%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 12, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”a Neutral”‘ rating along with a $92 price target.
