Ingredion Incorporated (NYSE:INGR) : Traders are bullish on Ingredion Incorporated (NYSE:INGR) as it has outperformed the S&P 500 by a wide margin of 6.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.93%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.22% in the last 1 week, and is up 8.05% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 63.11% from its 1 Year high price. On Jul 7, 2016, the shares registered one year high at $133.20 and the one year low was seen on Jul 28, 2015. The 50-Day Moving Average price is $122.82 and the 200 Day Moving Average price is recorded at $108.46.
The stock has recorded a 20-day Moving Average of 6.12% and the 50-Day Moving Average is 10.17%.
Ingredion Incorporated (NYSE:INGR): stock turned positive on Friday. Though the stock opened at $132.06, the bulls momentum made the stock top out at $132.95 level for the day. The stock recorded a low of $131.44 and closed the trading day at $132.4, in the green by 0.46%. The total traded volume for the day was 639,612. The stock had closed at $131.8 in the previous days trading.
In an insider trading activity,The officer (Ex VP Global Spec & Pres Amer) of Ingredion Inc, Zallie James P. sold 16,900 shares at $132 on July 6, 2016. The Insider selling transaction had a total value worth of $2,230,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Ingredion Incorporated is a manufacturer and supplier of starch and sweetener ingredients to a range of industries, including packaged food, beverage, brewing, industrial, pharmaceutical and personal care customers. The Company operates in four business segments: North America, South America, Asia Pacific and EMEA. North America segment consists of operations in the United States, Canada and Mexico and produces a range of both sweeteners and starches. South America segment includes 11 plants that produce regular, modified, waxy and tapioca starches, fructose and maltose syrups and syrup solids, dextrins and maltodextrins, dextrose, specialty starches, caramel color, sorbitol and vegetable adhesives. Asia Pacific segment manufactures corn-based products in South Korea, Australia and China and tapioca-based products in Thailand. EMEA segment includes five plants that produce modified and specialty starches, glucose and dextrose in England, Germany and Pakistan.