Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Director Acquires $111,879.24 in Stock

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 that occurred on Tuesday, December 16th. The stock was purchased at an average cost 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 in the company, 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 is available through this hyperlink.

Market Vectors Indian Rupee/USD ETN Stock Up 5.8%

Shares of INR opened at $14.51 on Friday. Market Vectors Indian Rupee/USD ETN has a 52-week low of $11.13 and a 52-week high of $23.00. The firm’s fifty day moving average is $12.83 and its two-hundred day moving average is $14.30. The stock has a market cap of $883.34 million and a PE ratio of -32.98.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. KeyCorp cut their price objective on shares of 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 dropped their price target on Market Vectors Indian Rupee/USD ETN from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Raymond James Financial reiterated a “strong-buy” rating and set a $23.00 price objective (down previously from $29.00) on shares of Market Vectors Indian Rupee/USD ETN in a research report on Monday, September 15th. Finally, Roth Capital upped their target price 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 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.