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

Shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) gapped up prior to trading on Monday . The stock had previously closed at $15.65, but opened at $15.97. Market Vectors Indian Rupee/USD ETN shares last traded at $15.97, with a volume of 36,008 shares.

Analyst Ratings Changes

A number of brokerages have issued reports on INR. Royal Bank of Canada assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They set an “outperform” rating and a $30.00 price objective on the stock. Truist Financial assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Friday, February 28th. They issued a “buy” rating and a $26.00 price target for the company. Stephens began coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They issued an “overweight” rating and a $30.00 price objective for the company. Citigroup assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They issued a “buy” rating and a $27.00 price target for the company. Finally, Bank of America initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They set a “buy” rating and a $30.00 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Market Vectors Indian Rupee/USD ETN presently has a consensus rating of “Buy” and a consensus target price of $28.43.

Market Vectors Indian Rupee/USD ETN Trading Down 0.3 %

The stock has a fifty day simple moving average of $28.91 and a 200 day simple moving average of $35.45.

Insider Buying and Selling

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average price of $20.00 per share, with a total value of $300,000.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $300,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

About Market Vectors Indian Rupee/USD ETN

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.