Ingersoll-Rand Inc’s recent filing unveils that its VP, Chief Accounting Officer Scheske Michael J unloaded Company’s shares for reported $0.25 million on Nov 05 ’24. In the deal valued at $97.44 per share,2,531 shares were sold. As a result of this transaction, Scheske Michael J now holds 11,910 shares worth roughly $1.09 million.
Then, Schiesl Andrew R sold 24,234 shares, generating $2,304,241 in total proceeds. Upon selling the shares at $95.08, the insider now owns 30,846 shares.
Before that, Scheske Michael J bought 2,531 shares. Ingersoll-Rand Inc shares valued at $246,621 were divested by the Insider at a price of $97.44 per share.
Stifel downgraded its Ingersoll-Rand Inc [IR] rating to a Hold from a a Buy in a research note published on November 18, 2024; the price target was decreased to $107 from $112. Morgan Stanley began covering IR with “an Equal-weight” recommendation on September 06, 2024.
Price Performance Review of IR
On Monday, Ingersoll-Rand Inc [NYSE:IR] saw its stock fall -0.53% to $91.79. Over the last five days, the stock has lost -8.07%. Ingersoll-Rand Inc shares have risen nearly 18.68% since the year began. Nevertheless, the stocks have risen 21.09% over the past one year. While a 52-week high of $106.03 was reached on 11/25/24, a 52-week low of $74.01 was recorded on 01/08/24. SMA at 50 days reached $100.38, while 200 days put it at $94.76.
Levels Of Support And Resistance For IR Stock
The 24-hour chart illustrates a support level at 91.01, which if violated will result in even more drops to 90.23. On the upside, there is a resistance level at 92.44. A further resistance level may holdings at 93.09. The Relative Strength Index (RSI) on the 14-day chart is 24.39, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.36%. Stochastics %K at 7.46% indicates the stock is a buying.
How much short interest is there in Ingersoll-Rand Inc?
A steep rise in short interest was recorded in Ingersoll-Rand Inc stocks on 2024-11-29, growing by 92296.0 shares to a total of 9.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.17 million shares. There was a rise of 1.0%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 12, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”a Neutral”‘ rating along with a $92 price target.
