Ingredion Incorporated (INGR) : Ingredion Incorporated (INGR) had a healthy money flow of $1.2 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $5.78 million, whereas, investors only sold shares worth $4.58 million on downticks. The stock closed the day with an up-down ratio of 1.26.The money flow in the block trades to the tune of $0.1 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.1 million worth of transactions were on upticks. Ingredion Incorporated (INGR) stock slid $0.03 intraday and traded at 132.72, a change of -0.03% over previous days close. However, for the week, the company shares are -0.09% compared to previous weeks close.
Also, Major Brokerage house, Jefferies maintains its ratings on Ingredion Incorporated (NYSE:INGR). In the latest research report, Jefferies raises the target price from $136 per share to $147 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 15, 2016.
Ingredion Incorporated (NYSE:INGR): The stock opened at $133.19 on Wednesday but the bulls could not build on the opening and the stock topped out at $133.32 for the day. The stock traded down to $132.37 during the day, due to lack of any buying support eventually closed down at $132.55 with a loss of -0.15% for the day. The stock had closed at $132.75 on the previous day. The total traded volume was 350,066 shares.
The stock has recorded a 20-day Moving Average of 2.96% and the 50-Day Moving Average is 7.75%. In a related news, Zallie James P., officer (Ex VP Global Spec & Pres Amer) of Ingredion Inc, unloaded 16,900 shares at an average price of $132 on July 6, 2016. The total amount of the transaction was worth $2,230,800, according to the disclosed information 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.