Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MGP Ingredients, Inc shares valued at $540,041 were purchased by Seaberg Karen on Dec 11 ’24. At $45.60 per share, Seaberg Karen acquired 11,843 shares.
Also, Seaberg Karen purchased 5,264 shares, netting a total of over 240,039 in proceeds.
Before that, Mingus Lori L.S. had added 1,530 shares to its account. In a trade valued at $138,083, the Director bought MGP Ingredients, Inc shares for $90.25 each.
As published in a research note from Lake Street on February 27, 2025, MGP Ingredients, Inc [MGPI] has been rated up from a Hold to a Buy and the price target has been revised to $45 from $55. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of October 18, 2024, Lake Street has decreased its “Buy” rating to a “Hold” for MGPI. Earlier on October 11, 2022, Wedbush initiated its rating. Their recommendation was “an Outperform” for MGPI stock.
Analyzing MGPI Stock Performance
During the last five days, there has been a surge of approximately 3.85%. Over the course of the year, MGP Ingredients, Inc shares have dropped approximately -15.01%. Shares of the company reached a 52-week high of $40.26 on 01/06/25 and a 52-week low of $31.31 on 02/26/25. A 50-day SMA is recorded $35.43, while a 200-day SMA reached $62.42.
Support And Resistance Levels for MGP Ingredients, Inc (MGPI)
According to the 24-hour chart, there is a support level at 32.67, which, if violated, would cause prices to drop to 31.87. In the upper region, resistance lies at 33.93. The next price resistance is at 34.40. RSI (Relative Strength Index) is 47.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 32.60%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
