Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Shares Down 3% – Should You Sell?

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) shares fell 3% during trading on Friday . The company traded as low as $13.50 and last traded at $13.54. 239,513 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 332,396 shares. The stock had previously closed at $13.96.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on INR shares. Royal Bank Of Canada lowered their price objective on Market Vectors Indian Rupee/USD ETN from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Tuesday, July 8th. Siebert Williams Shank started coverage on Market Vectors Indian Rupee/USD ETN in a research note on Friday, June 13th. They set a “buy” rating and a $23.00 price objective for the company. Finally, KeyCorp lowered their price objective on Market Vectors Indian Rupee/USD ETN from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $26.38.

Market Vectors Indian Rupee/USD ETN Price Performance

The business has a 50 day moving average price of $15.99 and a two-hundred day moving average price of $17.31.

Insider Activity at Market Vectors Indian Rupee/USD ETN

In related news, Director Sarah James sold 2,500 shares of the business’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $18.40, for a total value of $46,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

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.