Large Inflow of Money Detected in Ingredion Incorporated

Ingredion Incorporated (INGR) : Tuesdays money flow data in Ingredion Incorporated (INGR) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $17.55 million, whereas, $9.82 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.79, in favor of the bulls. The total money flow into the stock was $7.73 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $8.02 million. The total value of block trades done on upticks was $8.02 million. Ingredion Incorporated (INGR) fell $0.4 and traded at $136, down -0.29% for the day, over previous days close. On a weekly basis, the shares are 0.07% over the previous weeks close.


Also, Major Brokerage house, Citigroup maintains its ratings on Ingredion Incorporated (NYSE:INGR). In the latest research report, Citigroup raises the target price from $140 per share to $154 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 29, 2016.

Ingredion Incorporated has dropped 1.06% in the last five trading days, however, the shares have posted positive gains of 1.77% in the last 4 weeks. Ingredion Incorporated is up 15.55% in the last 3-month period. Year-to-Date the stock performance stands at 43.03%.

Ingredion Incorporated (NYSE:INGR): The stock opened at $136.37 on Tuesday but the bulls could not build on the opening and the stock topped out at $136.42 for the day. The stock traded down to $135.27 during the day, due to lack of any buying support eventually closed down at $135.99 with a loss of -0.30% for the day. The stock had closed at $136.40 on the previous day. The total traded volume was 406,596 shares.

In a related news,The director officer (Chairman, President and CEO) of Ingredion Inc, Gordon Ilene S sold 70,492 shares at $135.64 on August 15, 2016. The Insider selling transaction had a total value worth of $9,561,535. 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.

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