Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Stock Price Down 3.9% – What’s Next?

Shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) were down 3.9% during mid-day trading on Wednesday . The company traded as low as $14.61 and last traded at $14.61. Approximately 36,601 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 349,164 shares. The stock had previously closed at $15.20.

Analyst Ratings Changes

A number of brokerages have recently weighed in on INR. Roth Capital 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. KeyCorp cut their price target on shares of Market Vectors Indian Rupee/USD ETN from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th. Raymond James Financial restated a “strong-buy” rating and set a $23.00 price objective (down from $29.00) on shares of Market Vectors Indian Rupee/USD ETN in a research note on Monday, September 15th. Finally, Citigroup dropped their price objective on shares of Market Vectors Indian Rupee/USD ETN from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, September 29th.

Market Vectors Indian Rupee/USD ETN Trading Down 3.8%

The company has a fifty day moving average of $13.19 and a 200-day moving average of $14.14. The company has a market capitalization of $890.04 million and a price-to-earnings ratio of -33.23.

Insider Transactions at Market Vectors Indian Rupee/USD ETN

In other Market Vectors Indian Rupee/USD ETN news, Director David P. Poole acquired 8,646 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was bought at an average price of $12.94 per share, for a total transaction of $111,879.24. Following the acquisition, the director owned 16,146 shares in the company, valued at approximately $208,929.24. The trade was a 115.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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.