Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Stock Price Down 0.2% – Here’s Why

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)’s stock price traded down 0.2% during mid-day trading on Wednesday . The company traded as low as $16.70 and last traded at $16.85. 133,228 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 189,551 shares. The stock had previously closed at $16.89.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on INR shares. KeyCorp decreased their price target on Market Vectors Indian Rupee/USD ETN from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. Roth Mkm increased their price objective on Market Vectors Indian Rupee/USD ETN from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, December 9th.

Market Vectors Indian Rupee/USD ETN Price Performance

The stock’s 50-day moving average price is $14.80 and its 200-day moving average price is $13.83. The company has a market cap of $1.03 billion and a P/E ratio of -38.30.

Insider Transactions at Market Vectors Indian Rupee/USD ETN

In other Market Vectors Indian Rupee/USD ETN news, Director David P. Poole bought 8,646 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were purchased at an average price of $12.94 per share, for a total transaction of $111,879.24. Following the transaction, the director directly owned 16,146 shares in the company, valued at approximately $208,929.24. This trade represents a 115.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Market Vectors Indian Rupee/USD ETN stock. Chung Wu Investment Group LLC purchased a new stake in shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,600 shares of the company’s stock, valued at approximately $38,000.

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. It operates a fleet of 533 aircraft flying to 279 destinations. International Consolidated Airlines Group, SA, was incorporated in 2009 and is based in Madrid, Spain.