International Flavors & Fragrances Inc’s recently made public that its President, Nourish Arora Yuvraj unloaded Company’s shares for reported $0.46 million on Nov 11 ’24. In the deal valued at $91.75 per share,5,000 shares were sold. As a result of this transaction, Arora Yuvraj now holds 3,238 shares worth roughly $0.27 million.
Then, Arora Yuvraj bought 5,000 shares, generating $458,775 in total proceeds.
Before that, Strzelecki Angela sold 2,588 shares. International Flavors & Fragrances Inc shares valued at $247,560 were divested by the President, Pharma Solutions at a price of $95.66 per share. As a result of the transaction, Strzelecki Angela now holds 8,539 shares, worth roughly $0.7 million.
Argus upgraded its International Flavors & Fragrances Inc [IFF] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid November from “an Equal-weight” to “an Overweight”. BofA Securities also remained covering IFF and has increased its forecast on November 08, 2024 with a “Buy” recommendation from previously “Neutral” rating. Vertical Research revised its rating on November 07, 2024. It rated IFF as “a Buy” which previously was an “a Hold”.
Price Performance Review of IFF
On Tuesday, International Flavors & Fragrances Inc [NYSE:IFF] saw its stock jump 0.55% to $82.56. Over the last five days, the stock has lost -1.67%. International Flavors & Fragrances Inc shares have fallen nearly -2.35% since the year began. Nevertheless, the stocks have risen 3.24% over the past one year. While a 52-week high of $106.77 was reached on 01/02/25, a 52-week low of $72.94 was recorded on 01/07/25. SMA at 50 days reached $89.74, while 200 days put it at $94.59.
Levels Of Support And Resistance For IFF Stock
The 24-hour chart illustrates a support level at 81.60, which if violated will result in even more drops to 80.65. On the upside, there is a resistance level at 83.70. A further resistance level may holdings at 84.85. The Relative Strength Index (RSI) on the 14-day chart is 27.17, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.93%. Stochastics %K at 7.00% indicates the stock is a buying.
How much short interest is there in International Flavors & Fragrances Inc?
A steep rise in short interest was recorded in International Flavors & Fragrances Inc stocks on 2024-12-13, growing by 1.01 million shares to a total of 5.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.0 million shares. There was a rise of 20.09%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 11, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $117.
