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. Ingredion Inc shares valued at $861,165 were sold by Fernandes Larry on Nov 15 ’24. At $140.66 per share, Fernandes Larry sold 6,122 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Fernandes Larry sold 4,700 shares, netting a total of over 721,027 in proceeds. Following the sale of shares at $153.41 each, the insider now holds 29,034 shares.
Before that, Fernandes Larry had added 4,700 shares to its account. In a trade valued at $721,027, the Officer bought Ingredion Inc shares for $153.41 each.
As published in a research note from Barclays on August 09, 2024, Ingredion Inc [INGR] has been rated up from an Equal weight to an Overweight and the price target has been revised to $145 from $122. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid February. As of September 29, 2023, Oppenheimer has initiated its “an Outperform” rating for INGR.
Analyzing INGR Stock Performance
During the last five days, there has been a surge of approximately 3.29%. Over the course of the year, Ingredion Inc shares have jumped approximately 35.47%. Shares of the company reached a 52-week high of $155.44 on 11/06/24 and a 52-week low of $106.03 on 01/09/24. A 50-day SMA is recorded $139.12, while a 200-day SMA reached $124.42. Nevertheless, trading volume fell to 0.46 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Ingredion Inc (INGR)
According to the 24-hour chart, there is a support level at 145.87, which, if violated, would cause prices to drop to 144.72. In the upper region, resistance lies at 149.09. The next price resistance is at 151.16. RSI (Relative Strength Index) is 57.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.64, which suggests the price will increase in the coming days. Percent R is at 35.99%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
