Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Stock Price Up 2.8% – Here’s Why

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)’s share price traded up 2.8% during trading on Monday . The company traded as high as $18.57 and last traded at $18.48. 230,422 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 408,381 shares. The stock had previously closed at $17.98.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Stephens restated an “overweight” rating and issued a $30.00 target price on shares of Market Vectors Indian Rupee/USD ETN in a research note on Friday. Truist Financial initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Friday, February 28th. They issued a “buy” rating and a $26.00 price objective for the company. Royal Bank of Canada began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They set an “outperform” rating and a $30.00 target price on the stock. Raymond James assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They issued a “strong-buy” rating and a $30.00 price target for the company. Finally, Capital One Financial started coverage on Market Vectors Indian Rupee/USD ETN in a report on Wednesday, February 26th. They set an “overweight” rating on the stock. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $28.43.

Market Vectors Indian Rupee/USD ETN Price Performance

The stock has a 50 day moving average price of $22.42 and a two-hundred day moving average price of $33.16.

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

In other news, Director Steven D. Gray purchased 15,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was bought at an average price of $20.00 per share, with a total value of $300,000.00. Following the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $300,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

About Market Vectors Indian Rupee/USD ETN

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.