MGP Ingredients, Inc’s filing revealed that its Director Mingus Lori L.S. unloaded Company’s shares for reported $22476.0 on Apr 01 ’25. In the deal valued at $28.89 per share,778 shares were sold. As a result of this transaction, Mingus Lori L.S. now holds 27,131 shares worth roughly $0.74 million.
Then, Seaberg Karen sold 58,903 shares, generating $1,671,415 in total proceeds. Upon selling the shares at $28.38, the Director now owns 114,205 shares.
Before that, Mingus Lori L.S. bought 912 shares. MGP Ingredients, Inc shares valued at $26,904 were divested by the Director at a price of $29.50 per share.
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 -0.15% to $27.11. Over the last five days, the stock has gained 2.26%. MGP Ingredients, Inc shares have fallen nearly -31.14% since the year began. Nevertheless, the stocks have fallen -65.06% over the past one year. While a 52-week high of $92.52 was reached on 01/06/25, a 52-week low of $25.12 was recorded on 04/07/25. SMA at 50 days reached $30.95, while 200 days put it at $55.79.
Levels Of Support And Resistance For MGPI Stock
The 24-hour chart illustrates a support level at 26.78, which if violated will result in even more drops to 26.44. On the upside, there is a resistance level at 27.45. A further resistance level may holdings at 27.79. The Relative Strength Index (RSI) on the 14-day chart is 37.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.30%. Stochastics %K at 49.08% indicates the stock is a holding.
How much short interest is there in MGP Ingredients, Inc?
A steep rise in short interest was recorded in MGP Ingredients, Inc stocks on 2025-03-31, dropping by -0.13 million shares to a total of 3.1 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.23 million shares. There was a decline of -4.15%, which implies that there is a negative sentiment for the stock.
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.
