Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Shares Gap Up – Should You Buy?

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $17.60, but opened at $18.90. Market Vectors Indian Rupee/USD ETN shares last traded at $18.16, with a volume of 63,565 shares trading hands.

Analyst Ratings Changes

A number of research firms have weighed in on INR. KeyCorp reduced their target price 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. Roth Mkm upped their price target on shares of Market Vectors Indian Rupee/USD ETN from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th.

Market Vectors Indian Rupee/USD ETN Stock Performance

The stock has a market cap of $1.10 billion, a P/E ratio of -41.09 and a beta of 0.22. The firm has a 50-day moving average price of $15.71 and a 200-day moving average price of $14.18.

Insider Buying and Selling

In related news, Director David P. Poole bought 8,646 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were acquired at an average cost of $12.94 per share, with a total value of $111,879.24. Following the completion of the acquisition, the director owned 16,146 shares of the company’s stock, valued at $208,929.24. The trade was a 115.28% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Market Vectors Indian Rupee/USD ETN

An institutional investor recently bought a new position in Market Vectors Indian Rupee/USD ETN stock. Chung Wu Investment Group LLC purchased a new position in Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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.