Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Trading Up 4.9% – Here’s What Happened

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)’s share price was up 4.9% during trading on Tuesday . The stock traded as high as $18.12 and last traded at $18.08. Approximately 87,526 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 338,441 shares. The stock had previously closed at $17.23.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on INR shares. Raymond James started coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued a “strong-buy” rating and a $30.00 price objective on the stock. Truist Financial initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Friday, February 28th. They issued a “buy” rating and a $26.00 target price on the stock. Citigroup initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued a “buy” rating and a $27.00 target price on the stock. Royal Bank of Canada initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, Bank of America initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued a “buy” rating and a $30.00 target price on the stock. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $28.43.

Market Vectors Indian Rupee/USD ETN Stock Performance

The business has a 50-day simple moving average of $25.37 and a 200-day simple moving average of $34.20.

Insider Buying and Selling at Market Vectors Indian Rupee/USD ETN

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray bought 15,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average price of $20.00 per share, with a total value of $300,000.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at $300,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Market Vectors Indian Rupee/USD ETN Company Profile

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands.