Ingredion Inc’s filing revealed that its Director Uribe Jorge A. unloaded Company’s shares for reported $128.0 on Dec 12 ’24. In the deal valued at $145.55 per share,1 shares were sold. As a result of this transaction, Uribe Jorge A. now holds 12,737 shares worth roughly $1.72 million.
Then, Gray James D sold 54,869 shares, generating $8,052,689 in total proceeds. Upon selling the shares at $146.76, the Executive VP and CFO now owns 12,795 shares.
Before that, Gray James D bought 54,869 shares. Ingredion Inc shares valued at $8,052,688 were divested by the Officer at a price of $146.76 per share.
Barclays upgraded its Ingredion Inc [INGR] rating to an Overweight from a an Equal weight in a research note published on August 09, 2024; the price target was increased to $145 from $122. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “a Buy”. Oppenheimer began covering INGR with “an Outperform” recommendation on September 29, 2023.
Price Performance Review of INGR
On Friday, Ingredion Inc [NYSE:INGR] saw its stock jump 0.58% to $135.11. Over the last five days, the stock has gained 3.29%. Ingredion Inc shares have fallen nearly -1.78% since the year began. Nevertheless, the stocks have risen 22.72% over the past one year. While a 52-week high of $155.44 was reached on 01/02/25, a 52-week low of $107.20 was recorded on 01/13/25. SMA at 50 days reached $142.35, while 200 days put it at $128.31.
Levels Of Support And Resistance For INGR Stock
The 24-hour chart illustrates a support level at 134.18, which if violated will result in even more drops to 133.26. On the upside, there is a resistance level at 135.92. A further resistance level may holdings at 136.74. The Relative Strength Index (RSI) on the 14-day chart is 43.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.91%. Stochastics %K at 41.30% indicates the stock is a holding.
How much short interest is there in Ingredion Inc?
A steep rise in short interest was recorded in Ingredion Inc stocks on 2024-12-31, growing by 0.51 million shares to a total of 1.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.52 million shares. There was a rise of 49.75%, which implies that there is a positive sentiment for the stock.
