Innodata Inc’s recent filing unveils that its Director Toor Nauman Sabeeh unloaded Company’s shares for reported $4.85 million on Dec 20 ’24. In the deal valued at $44.00 per share,110,207 shares were sold. As a result of this transaction, Toor Nauman Sabeeh now holds 209,194 shares worth roughly $9.49 million.
Then, Toor Nauman Sabeeh bought 200,000 shares, generating $9,000,000 in total proceeds.
Before that, ASHOK KUMAR MISHRA bought 43,000 shares. Innodata Inc shares valued at $2,324,223 were divested by the Officer at a price of $54.05 per share.
Wedbush initiated its Innodata Inc [INOD] rating to an Outperform in a research note published on December 19, 2024; the price target was $48. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Maxim Group began covering INOD with “Buy” recommendation on July 15, 2024. BWS Financial started covering the stock on May 22, 2024. It rated INOD as “a Buy”.
Price Performance Review of INOD
On Friday, Innodata Inc [NASDAQ:INOD] saw its stock fall -1.88% to $45.36. Over the last five days, the stock has gained 14.08%. Innodata Inc shares have risen nearly 457.25% since the year began. Nevertheless, the stocks have risen 428.06% over the past one year. While a 52-week high of $55.17 was reached on 12/09/24, a 52-week low of $5.46 was recorded on 04/22/24. SMA at 50 days reached $34.86, while 200 days put it at $18.69.
Levels Of Support And Resistance For INOD Stock
The 24-hour chart illustrates a support level at 43.60, which if violated will result in even more drops to 41.83. On the upside, there is a resistance level at 46.68. A further resistance level may holdings at 47.99. The Relative Strength Index (RSI) on the 14-day chart is 60.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 45.08%. Stochastics %K at 52.77% indicates the stock is a holding.
How much short interest is there in Innodata Inc?
A steep rise in short interest was recorded in Innodata Inc stocks on 2024-12-13, growing by 0.91 million shares to a total of 3.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.47 million shares. There was a rise of 26.91%, which implies that there is a positive sentiment for the stock.
