The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. IBEX Ltd shares valued at $2,738,558 were purchased by PineBridge Global Emerging Mar on Jan 03 ’25. At $22.04 per share, PineBridge Global Emerging Mar acquired 124,254 shares.
Also, Keen Shuja sold 11,199 shares, netting a total of over 245,843 in proceeds. Following the sale of shares at $21.95 each, the insider now holds 47,727 shares.
Before that, Adia Global LLC had added 15,000 shares to its account. In a trade valued at $329,250, the Director bought IBEX Ltd shares for $21.95 each.
As published in a research note from Piper Sandler on November 10, 2023, IBEX Ltd [IBEX] has been rated down from an Overweight to a Neutral and the price target has been revised to $17. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in mid September. As of July 19, 2022, Citigroup has decreased its “Buy” rating to a “Neutral” for IBEX.
Analyzing IBEX Stock Performance
During the last five days, there has been a surge of approximately 0.05%. Over the course of the year, IBEX Ltd shares have jumped approximately 0.05%. Shares of the company reached a 52-week high of $22.43 on 01/03/25 and a 52-week low of $20.87 on 01/08/25. A 50-day SMA is recorded $20.12, while a 200-day SMA reached $17.28. Nevertheless, trading volume fell to 0.11 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for IBEX Ltd (IBEX)
According to the 24-hour chart, there is a support level at 21.04, which, if violated, would cause prices to drop to 20.59. In the upper region, resistance lies at 21.78. The next price resistance is at 22.07. RSI (Relative Strength Index) is 60.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 30.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
