Large Inflow of Money Witnessed in Ingredion Incorporated

Ingredion Incorporated (INGR) : Investors lapped up stocks on upticks to the tune of $3.95 million in the Thursdays trading session. The trading value on downticks was comparatively at $3.31 million and the uptick to downtick ratio of 1.19 indicates continuous buying by the bulls. The net money flow into the stock was $0.63 million. Upticks saw transactions worth $0 clearly indicating buying by large investors. The total money flow for block trades stood at $0 million, which is a positive for the stock in the long-term. Ingredion Incorporated (INGR) fell $0.12 during the day at $132.23, a drop of -0.09% over the previous days close. However, for the week, the stock is 2.09%, compared to the previous week.


Ingredion Incorporated (INGR) : The most positive equity analysts on Ingredion Incorporated (INGR) expects the shares to touch $136, whereas, the least positive believes that the stock will trade at $95 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $115.5 with an expected fluctuation of $28.99 from the mean. The stock has recorded a 20-day Moving Average of 6.18% and the 50-Day Moving Average is 10.13%.

Ingredion Incorporated (NYSE:INGR): The stock opened at $133.20 on Thursday but the bulls could not build on the opening and the stock topped out at $133.20 for the day. The stock traded down to $131.04 during the day, due to lack of any buying support eventually closed down at $131.80 with a loss of -0.42% for the day. The stock had closed at $132.35 on the previous day. The total traded volume was 525,918 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *