Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Shares Up 5.6% – Here’s What Happened

Shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) were up 5.6% during mid-day trading on Wednesday . The stock traded as high as $14.92 and last traded at $14.73. Approximately 221,326 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 200,964 shares. The stock had previously closed at $13.95.

Analyst Ratings Changes

A number of research firms have weighed in on INR. Citigroup decreased their price objective 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. Roth Mkm upped their price target on Market Vectors Indian Rupee/USD ETN from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, 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.

Market Vectors Indian Rupee/USD ETN Price Performance

The stock has a market cap of $896.73 million and a price-to-earnings ratio of -33.48. The company’s 50 day moving average is $13.95 and its 200 day moving average is $13.71.

Insider Activity

In related news, Director David P. Poole purchased 8,646 shares of Market Vectors Indian Rupee/USD ETN stock in a transaction dated Tuesday, December 16th. The stock was bought at an average cost of $12.94 per share, for a total transaction of $111,879.24. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link.

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.