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. Ingersoll-Rand Inc shares valued at $1,151,497 were sold by Schiesl Andrew R on Feb 18 ’25. At $87.05 per share, Schiesl Andrew R sold 13,228 shares. The insider’s holdings dropped to 30,846 shares worth approximately $2.68 million following the completion of this transaction.
Also, Schiesl Andrew R purchased 13,228 shares, netting a total of over 1,151,495 in proceeds.
Before that, Scheske Michael J had sold 2,531 shares from its account. In a trade valued at $246,621, the VP, Chief Accounting Officer traded Ingersoll-Rand Inc shares for $97.44 each. Upon closing the transaction, the insider’s holdings decreased to 2,531 shares, worth approximately $1.03 million.
As published in a research note from Stifel on November 18, 2024, Ingersoll-Rand Inc [IR] has been rated down from a Buy to a Hold and the price target has been revised to $107 from $112. As of September 06, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for IR.
Analyzing IR Stock Performance
During the last five days, there has been a drop of approximately -5.01%. Over the course of the year, Ingersoll-Rand Inc shares have dropped approximately -4.08%. Shares of the company reached a 52-week high of $95.85 on 01/31/25 and a 52-week low of $85.35 on 02/20/25. A 50-day SMA is recorded $92.71, while a 200-day SMA reached $94.51. Nevertheless, trading volume fell to 3.18 million shares from 2.22 million shares the previous day.
Support And Resistance Levels for Ingersoll-Rand Inc (IR)
According to the 24-hour chart, there is a support level at 85.68, which, if violated, would cause prices to drop to 84.60. In the upper region, resistance lies at 87.52. The next price resistance is at 88.28. RSI (Relative Strength Index) is 37.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.16, which suggests the price will decrease in the coming days. Percent R is at 86.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
