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 $8,052,689 were sold by Gray James D on Nov 29 ’24. At $146.76 per share, Gray James D sold 54,869 shares. The insider’s holdings dropped to 12,795 shares worth approximately $1.89 million following the completion of this transaction.
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Also, Gray James D purchased 54,869 shares, netting a total of over 8,052,688 in proceeds.
Before that, Fernandes Larry had sold 6,122 shares from its account. In a trade valued at $861,165, the SVP, Chief Comm & Sust Officer traded Ingredion Inc shares for $140.66 each. Upon closing the transaction, the insider’s holdings decreased to 6,122 shares, worth approximately $0.0.
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 0.56%. Over the course of the year, Ingredion Inc shares have jumped approximately 36.23%. 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 $140.41, while a 200-day SMA reached $125.27. Nevertheless, trading volume fell to 0.56 million shares from 0.29 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 147.21, which, if violated, would cause prices to drop to 146.56. In the upper region, resistance lies at 148.85. The next price resistance is at 149.85. RSI (Relative Strength Index) is 57.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.02, which suggests the price will increase in the coming days. Percent R is at 17.62%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
