MGP Ingredients, Inc’s recent filing unveils that its Director Seaberg Karen acquired Company’s shares for reported $0.17 million on Mar 11 ’25. In the deal valued at $32.59 per share,5,348 shares were bought. As a result of this transaction, Seaberg Karen now holds 358,899 shares worth roughly $11.28 million.
Then, Seaberg Karen sold 135,533 shares, generating $4,283,028 in total proceeds. Upon selling the shares at $31.60, the Director now owns 116,011 shares.
Before that, Seaberg Karen sold 20,874 shares. MGP Ingredients, Inc shares valued at $713,145 were divested by the Director at a price of $34.16 per share. As a result of the transaction, Seaberg Karen now holds 52,001 shares, worth roughly $1.63 million.
Lake Street upgraded its MGP Ingredients, Inc [MGPI] rating to a Buy from a a Hold in a research note published on February 27, 2025; the price target was decreased to $45 from $55. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Lake Street also remained covering MGPI and has decreased its forecast on October 18, 2024 with a “Hold” recommendation from previously “Buy” rating. Wedbush started covering the stock on October 11, 2022. It rated MGPI as “an Outperform”.
Price Performance Review of MGPI
On Tuesday, MGP Ingredients, Inc [NASDAQ:MGPI] saw its stock fall -6.32% to $31.43. Over the last five days, the stock has lost -2.90%. MGP Ingredients, Inc shares have fallen nearly -20.17% since the year began. Nevertheless, the stocks have fallen -62.58% over the past one year. While a 52-week high of $92.52 was reached on 01/06/25, a 52-week low of $31.31 was recorded on 03/11/25. SMA at 50 days reached $34.87, while 200 days put it at $61.49.
Levels Of Support And Resistance For MGPI Stock
The 24-hour chart illustrates a support level at 30.18, which if violated will result in even more drops to 28.93. On the upside, there is a resistance level at 33.59. A further resistance level may holdings at 35.74. The Relative Strength Index (RSI) on the 14-day chart is 36.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.28%. Stochastics %K at 41.92% indicates the stock is a holding.
The most recent change occurred on August 15, 2022 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $126 price target.
