Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Director David Poole Acquires 8,646 Shares

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Director David Poole acquired 8,646 shares of Market Vectors Indian Rupee/USD ETN stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average price of $12.94 per share, with a total value of $111,879.24. Following the completion of the purchase, the director owned 16,146 shares of the company’s stock, valued at approximately $208,929.24. The trade was a 115.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Market Vectors Indian Rupee/USD ETN Stock Up 2.7%

Shares of NYSEARCA:INR traded up $0.36 during midday trading on Wednesday, reaching $13.75. The company’s stock had a trading volume of 241,585 shares, compared to its average volume of 354,079. The stock has a fifty day moving average of $12.79 and a 200 day moving average of $14.32. The firm has a market capitalization of $837.07 million and a PE ratio of -31.25. Market Vectors Indian Rupee/USD ETN has a twelve month low of $11.13 and a twelve month high of $23.00.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. 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 report on Wednesday, November 12th. Citigroup cut their target price on shares of Market Vectors Indian Rupee/USD ETN from $21.00 to $18.00 and set a “buy” rating for the company in a report on Monday, September 29th. Roth Capital increased their price target on shares of Market Vectors Indian Rupee/USD ETN from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $23.00 price target (down previously from $29.00) on shares of Market Vectors Indian Rupee/USD ETN in a research report on Monday, September 15th.

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.