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 bought 8,646 shares of the stock in a transaction dated Tuesday, December 16th. The shares were bought 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 directly owned 16,146 shares of the company’s stock, valued at approximately $208,929.24. This trade represents a 115.28% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Market Vectors Indian Rupee/USD ETN Stock Up 2.7%

INR stock traded up $0.36 during trading on Wednesday, hitting $13.75. The company had a trading volume of 241,585 shares, compared to its average volume of 354,079. Market Vectors Indian Rupee/USD ETN has a 52-week low of $11.13 and a 52-week high of $23.00. The company has a 50 day simple moving average of $12.79 and a 200-day simple moving average of $14.32. The firm has a market capitalization of $837.07 million and a P/E ratio of -31.25.

Analysts Set New Price Targets

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

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.