Ingersoll-Rand Inc’s filing revealed that its VP, Chief Accounting Officer Scheske Michael J unloaded Company’s shares for reported $0.25 million on Nov 05 ’24. In the deal valued at $97.44 per share,2,531 shares were sold. As a result of this transaction, Scheske Michael J now holds 11,910 shares worth roughly $1.05 million.
Then, Schiesl Andrew R sold 24,234 shares, generating $2,304,241 in total proceeds. Upon selling the shares at $95.08, the insider now owns 30,846 shares.
Before that, Scheske Michael J bought 2,531 shares. Ingersoll-Rand Inc shares valued at $246,621 were divested by the Insider at a price of $97.44 per share.
Stifel downgraded its Ingersoll-Rand Inc [IR] rating to a Hold from a a Buy in a research note published on November 18, 2024; the price target was decreased to $107 from $112. Morgan Stanley began covering IR with “an Equal-weight” recommendation on September 06, 2024.
Price Performance Review of IR
On Monday, Ingersoll-Rand Inc [NYSE:IR] saw its stock jump 1.33% to $88.18. Over the last five days, the stock has lost -4.66%. Ingersoll-Rand Inc shares have fallen nearly -2.52% since the year began. Nevertheless, the stocks have risen 15.59% over the past one year. While a 52-week high of $106.03 was reached on 01/06/25, a 52-week low of $75.54 was recorded on 01/13/25. SMA at 50 days reached $98.36, while 200 days put it at $94.65.
Levels Of Support And Resistance For IR Stock
The 24-hour chart illustrates a support level at 86.66, which if violated will result in even more drops to 85.13. On the upside, there is a resistance level at 89.05. A further resistance level may holdings at 89.91. The Relative Strength Index (RSI) on the 14-day chart is 29.66, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.02%. Stochastics %K at 16.18% indicates the stock is a buying.
How much short interest is there in Ingersoll-Rand Inc?
A steep rise in short interest was recorded in Ingersoll-Rand Inc stocks on 2024-12-31, dropping by -0.48 million shares to a total of 8.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 9.26 million shares. There was a decline of -5.51%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 12, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”a Neutral”‘ rating along with a $92 price target.
