Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MGP Ingredients, Inc shares valued at $1,652,290 were sold by Lux Donn S. on May 13 ’25. At $33.05 per share, Lux Donn S. sold 50,000 shares. The insider’s holdings dropped to 2,488,264 shares worth approximately $81.09 million following the completion of this transaction.
Also, Lux Donn S. sold 50,000 shares, netting a total of over 1,618,665 in proceeds. Following the sale of shares at $32.37 each, the insider now holds 2,438,264 shares.
Before that, Kaplan Caroline Lux had sold 32,500 shares from its account. In a trade valued at $1,085,854, the 10% Owner traded MGP Ingredients, Inc shares for $33.41 each. Upon closing the transaction, the insider’s holdings decreased to 32,500 shares, worth approximately $19.26 million.
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
On last trading session, MGP Ingredients, Inc [NASDAQ: MGPI] plunged -0.85% to $32.59. During the last five days, there has been a surge of approximately 9.44%. Over the course of the year, MGP Ingredients, Inc shares have dropped approximately -55.34%. Shares of the company reached a 52-week high of $40.26 on 01/06/25 and a 52-week low of $25.12 on 04/07/25.
Support And Resistance Levels for MGP Ingredients, Inc (MGPI)
According to the 24-hour chart, there is a support level at 32.22, which, if violated, would cause prices to drop to 31.84. In the upper region, resistance lies at 33.17. The next price resistance is at 33.75. RSI (Relative Strength Index) is 65.55 on the 14-day chart, showing neutral technical sentiment.
Which companies own the most shares of MGP Ingredients, Inc (MGPI)?
In terms of MGP Ingredients, Inc share price expectations, FactSet research, analysts set an average price target of 40 in the next 12 months, up nearly 21.69% from the previous closing price of $32.87. Analysts anticipate MGP Ingredients, Inc stock to reach 40 by 2025, with the lowest price target being 40. In spite of this, 3 analysts ranked MGP Ingredients, Inc stock as Buy at the end of 2025. On August 15, 2022, Wells Fargo assigned a price target of “an Overweight” to the stock and initiated coverage with a $126.
