Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Innospec Inc shares valued at $35,964 were sold by Poccia Claudia on Nov 22 ’24. At $119.88 per share, Poccia Claudia sold 300 shares. The insider’s holdings dropped to 3,879 shares worth approximately $0.46 million following the completion of this transaction.
Also, Blackmore Milton C sold 1,035 shares, netting a total of over 127,222 in proceeds. Following the sale of shares at $122.92 each, the insider now holds 9,028 shares.
Before that, Cleminson Ian had sold 6,602 shares from its account. In a trade valued at $749,987, the VP & CFO traded Innospec Inc shares for $113.60 each. Upon closing the transaction, the insider’s holdings decreased to 6,602 shares, worth approximately $1.93 million.
As published in their initiating research note from Seaport Research Partners on March 30, 2022, Innospec Inc [IOSP] has been a Neutral. Analysts at CL King started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. As of April 12, 2019, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for IOSP. Earlier on April 24, 2018, Johnson Rice upgraded its rating. Their new recommendation was “a Buy” for IOSP stock which previously was a “a Accumulate”.
Analyzing IOSP Stock Performance
During the last five days, there has been a drop of approximately -0.50%. Over the course of the year, Innospec Inc shares have dropped approximately -4.53%. Shares of the company reached a 52-week high of $133.71 on 05/10/24 and a 52-week low of $103.97 on 09/11/24. A 50-day SMA is recorded $114.30, while a 200-day SMA reached $120.10. Nevertheless, trading volume fell to 87932.0 shares from 0.18 million shares the previous day.
Support And Resistance Levels for Innospec Inc (IOSP)
According to the 24-hour chart, there is a support level at 116.77, which, if violated, would cause prices to drop to 115.89. In the upper region, resistance lies at 118.67. The next price resistance is at 119.69. RSI (Relative Strength Index) is 52.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.26, which suggests the price will decrease in the coming days. Percent R is at 73.61%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
