In a filing, Ingredion Inc revealed its SVP, Chief Comm & Sust Officer Fernandes Larry unloaded Company’s shares for reported $0.86 million on Nov 15 ’24. In the deal valued at $140.66 per share,6,122 shares were sold. As a result of this transaction, Fernandes Larry now holds 0 shares worth roughly $0.0.
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Then, Fernandes Larry sold 4,700 shares, generating $721,027 in total proceeds. Upon selling the shares at $153.41, the SVP, Chief Comm & Sust Officer now owns 29,034 shares.
Before that, Fernandes Larry bought 4,700 shares. Ingredion Inc shares valued at $721,027 were divested by the Officer at a price of $153.41 per share.
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 jump 1.46% to $146.47. Over the last five days, the stock has gained 4.00%. Ingredion Inc shares have risen nearly 34.96% since the year began. Nevertheless, the stocks have risen 40.50% 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 $138.33, while 200 days put it at $123.83.
Levels Of Support And Resistance For INGR Stock
The 24-hour chart illustrates a support level at 144.68, which if violated will result in even more drops to 142.88. On the upside, there is a resistance level at 147.71. A further resistance level may holdings at 148.94. The Relative Strength Index (RSI) on the 14-day chart is 58.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.84%. Stochastics %K at 46.74% 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.
