Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ingredion Inc shares valued at $128 were sold by Uribe Jorge A. on Dec 12 ’24. At $145.55 per share, Uribe Jorge A. sold 1 shares. The insider’s holdings dropped to 12,737 shares worth approximately $1.81 million following the completion of this transaction.
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Also, Gray James D sold 54,869 shares, netting a total of over 8,052,689 in proceeds. Following the sale of shares at $146.76 each, the insider now holds 12,795 shares.
Before that, Gray James D had added 54,869 shares to its account. In a trade valued at $8,052,688, the Officer bought Ingredion Inc shares for $146.76 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 drop of approximately -1.79%. Over the course of the year, Ingredion Inc shares have jumped approximately 30.69%. 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 $141.82, while a 200-day SMA reached $126.51. Nevertheless, trading volume fell to 1.23 million shares from 0.46 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 140.93, which, if violated, would cause prices to drop to 140.03. In the upper region, resistance lies at 143.27. The next price resistance is at 144.71. RSI (Relative Strength Index) is 43.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.98, which suggests the price will decrease in the coming days. Percent R is at 92.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
