Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Innodata Inc shares valued at $4,849,108 were sold by Toor Nauman Sabeeh on Dec 20 ’24. At $44.00 per share, Toor Nauman Sabeeh sold 110,207 shares. The insider’s holdings dropped to 209,194 shares worth approximately $8.27 million following the completion of this transaction.
Also, Toor Nauman Sabeeh purchased 200,000 shares, netting a total of over 9,000,000 in proceeds.
Before that, ASHOK KUMAR MISHRA had added 43,000 shares to its account. In a trade valued at $2,324,223, the Officer bought Innodata Inc shares for $54.05 each.
As published in their initiating research note from Wedbush on December 19, 2024, Innodata Inc [INOD] has been an Outperform and the price target has been revised to $48. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of July 15, 2024, Maxim Group has initiated its “Buy” rating for INOD. Earlier on May 22, 2024, BWS Financial initiated its rating. Their recommendation was “a Buy” for INOD stock.
Analyzing INOD Stock Performance
During the last five days, there has been a drop of approximately -8.65%. Over the course of the year, Innodata Inc shares have jumped approximately 385.50%. Shares of the company reached a 52-week high of $55.17 on 12/09/24 and a 52-week low of $5.46 on 04/22/24. A 50-day SMA is recorded $35.75, while a 200-day SMA reached $19.03. Nevertheless, trading volume fell to 0.99 million shares from 1.13 million shares the previous day.
Support And Resistance Levels for Innodata Inc (INOD)
According to the 24-hour chart, there is a support level at 38.29, which, if violated, would cause prices to drop to 37.07. In the upper region, resistance lies at 41.67. The next price resistance is at 43.83. RSI (Relative Strength Index) is 49.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.39, which suggests the price will increase in the coming days. Percent R is at 53.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
