MGP Ingredients, Inc’s filing revealed that its Director Seaberg Karen acquired Company’s shares for reported $60027.0 on Nov 25 ’24. In the deal valued at $46.75 per share,1,284 shares were bought.
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Then, Seaberg Karen bought 1,284 shares, generating $60,027 in total proceeds.
Before that, Seaberg Karen bought 7,701 shares. MGP Ingredients, Inc shares valued at $360,022 were divested by the Director at a price of $46.75 per share.
TD Cowen downgraded its MGP Ingredients, Inc [MGPI] rating to a Hold from a a Buy in a research note published on November 06, 2024; the price target was decreased to $50 from $66. A number of analysts have revised their coverage, including Lake Street’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Hold”. Wedbush began covering MGPI with “an Outperform” recommendation on October 11, 2022. Wells Fargo started covering the stock on August 15, 2022. It rated MGPI as “an Overweight”.
Price Performance Review of MGPI
On Tuesday, MGP Ingredients, Inc [NASDAQ:MGPI] saw its stock fall -4.39% to $44.42. Over the last five days, the stock has lost -3.94%. MGP Ingredients, Inc shares have fallen nearly -54.91% since the year began. Nevertheless, the stocks have fallen -51.55% over the past one year. While a 52-week high of $102.42 was reached on 01/02/24, a 52-week low of $44.96 was recorded on 11/26/24. SMA at 50 days reached $64.60, while 200 days put it at $76.92.
Levels Of Support And Resistance For MGPI Stock
The 24-hour chart illustrates a support level at 43.08, which if violated will result in even more drops to 41.75. On the upside, there is a resistance level at 46.15. A further resistance level may holdings at 47.89. The Relative Strength Index (RSI) on the 14-day chart is 24.50, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.44%. Stochastics %K at 11.33% indicates the stock is a buying.
How much short interest is there in MGP Ingredients, Inc?
A steep rise in short interest was recorded in MGP Ingredients, Inc stocks on 2024-11-15, dropping by -0.38 million shares to a total of 3.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.37 million shares. There was a decline of -9.5%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 30, 2022 when ROTH Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $115 price target.
