MGP Ingredients, Inc’s recently made public that its Director Lux Donn S. unloaded Company’s shares for reported $1.65 million on May 13 ’25. In the deal valued at $33.05 per share,50,000 shares were sold. As a result of this transaction, Lux Donn S. now holds 2,488,264 shares worth roughly $74.13 million.
Then, Lux Donn S. sold 50,000 shares, generating $1,618,665 in total proceeds. Upon selling the shares at $32.37, the Director now owns 2,438,264 shares.
Before that, Kaplan Caroline Lux sold 32,500 shares. MGP Ingredients, Inc shares valued at $1,085,854 were divested by the 10% Owner at a price of $33.41 per share. As a result of the transaction, Kaplan Caroline Lux now holds 590,958 shares, worth roughly $17.6 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 jump 0.17% to $29.79. Over the last five days, the stock has gained 1.05%. MGP Ingredients, Inc shares have fallen nearly -24.33% since the year began. Nevertheless, the stocks have fallen -59.83% 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.
Levels Of Support And Resistance For MGPI Stock
The 24-hour chart illustrates a support level at 29.39, which if violated will result in even more drops to 28.99. On the upside, there is a resistance level at 30.16. A further resistance level may holdings at 30.53.
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.
