In a filing, Intercorp Financial Services Inc revealed its 10% Owner INTERCORP PERU LTD acquired Company’s shares for reported $11.36 million on Dec 26 ’24. In the deal valued at $19.79 per share,574,071 shares were bought. As a result of this transaction, INTERCORP PERU LTD now holds 2,470,230 shares worth roughly $ 82.23 million.
Then, INTERCORP PERU LTD bought 13,445 shares, generating $265,000 in total proceeds. Upon buying the shares at $19.71, the 10% Owner now owns 1,896,159 shares.
Before that, INTERCORP PERU LTD bought 39,715 shares. Intercorp Financial Services Inc shares valued at $780,000 were divested by the 10% Owner at a price of $19.64 per share. As a result of the transaction, INTERCORP PERU LTD now holds 1,882,714 shares, worth roughly $62.68 million.
Jefferies initiated its Intercorp Financial Services Inc [IFS] rating to a Buy in a research note published on October 16, 2023; the price target was $34.90. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early June from “a Neutral” to “an Overweight”. Scotiabank also remained covering IFS and has increased its forecast on December 15, 2022 with a “Sector outperform” recommendation from previously “Sector perform” rating. Itau BBA revised its rating on March 11, 2022. It rated IFS as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of IFS
On Friday, Intercorp Financial Services Inc [NYSE:IFS] saw its stock jump 1.12% to $33.29. Over the last five days, the stock has gained 2.37%. Intercorp Financial Services Inc shares have risen nearly 13.46% since the year began. Nevertheless, the stocks have risen 34.02% over the past one year. While a 52-week high of $33.33 was reached on 02/14/25, a 52-week low of $20.56 was recorded on 01/10/25. SMA at 50 days reached $29.71, while 200 days put it at $25.76.
Levels Of Support And Resistance For IFS Stock
The 24-hour chart illustrates a support level at 32.99, which if violated will result in even more drops to 32.68. On the upside, there is a resistance level at 33.61. A further resistance level may holdings at 33.92. The Relative Strength Index (RSI) on the 14-day chart is 85.00, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.28%. Stochastics %K at 90.44% indicates the stock is a selling.
How much short interest is there in Intercorp Financial Services Inc?
A steep rise in short interest was recorded in Intercorp Financial Services Inc stocks on 2025-01-31, growing by 23577.0 shares to a total of 99331.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 75754.0 shares. There was a rise of 23.74%, which implies that there is a positive sentiment for the stock.
