Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ingersoll-Rand Inc shares valued at $246,621 were sold by Scheske Michael J on Nov 05 ’24. At $97.44 per share, Scheske Michael J sold 2,531 shares. The insider’s holdings dropped to 11,910 shares worth approximately $1.1 million following the completion of this transaction.
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Also, Schiesl Andrew R sold 24,234 shares, netting a total of over 2,304,241 in proceeds. Following the sale of shares at $95.08 each, the insider now holds 30,846 shares.
Before that, Scheske Michael J had added 2,531 shares to its account. In a trade valued at $246,621, the Insider bought Ingersoll-Rand Inc shares for $97.44 each.
As published in a research note from Stifel on November 18, 2024, Ingersoll-Rand Inc [IR] has been rated down from a Buy to a Hold and the price target has been revised to $107 from $112. As of September 06, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for IR.
Analyzing IR Stock Performance
During the last five days, there has been a drop of approximately -5.33%. Over the course of the year, Ingersoll-Rand Inc shares have jumped approximately 19.41%. Shares of the company reached a 52-week high of $106.03 on 11/25/24 and a 52-week low of $74.01 on 01/08/24. A 50-day SMA is recorded $100.18, while a 200-day SMA reached $94.77. Nevertheless, trading volume fell to 0.59 million shares from 1.56 million shares the previous day.
Support And Resistance Levels for Ingersoll-Rand Inc (IR)
According to the 24-hour chart, there is a support level at 91.55, which, if violated, would cause prices to drop to 90.75. In the upper region, resistance lies at 92.86. The next price resistance is at 93.37. RSI (Relative Strength Index) is 27.21 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.84, which suggests the price will decrease in the coming days. Percent R is at 85.91%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
