The stock of International Flavors & Fragrances Inc. (NYSE:IFF) has been Initiated to Buy by Societe Generale in its latest research note that was published on September 10. Berenberg analysts have downgraded their rating of IFF stock from Buy to Hold in a separate flash note to investors on August 08. Analysts at JP Morgan issued an upgrade fromNeutral to Overweight for the stock, in a research note that dated back to August 07.
International Flavors & Fragrances Inc., which has current market capitalization of above $14 Billion, published its last quarter earnings on June 30, 2019.
IFF surged by $0.79 during the normal trading session on Thursday and reaching a high of $128.25 during the day while it closed the day at $127.10. The International stock had a high trading volume of 1.17 million shares on that day, which is high compared to the average daily volume of 1.14M shares. IFF has also gained 11.00% of its value over the past 7 days. However, the stock has declined by 15.22% in the 3 months of the year. Over the past six months meanwhile, it has gained 1.71% while it has lost 5.34% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -16.8% from its 3 months high price. However, taking another look at IFF will indicate that it is trading +21.21% away from its 90-day low. Looking at the bigger picture, the International Flavors & Fragrances Inc. stock has dropped by -16.9% from its 52-week high while it has surged by +21.21% from its 52-week low price.
On August 16, 2019 MIRZAYANTZ NICOLAS, Group President Fragrance sold 929 shares of the company. The average price for that transaction was $110.62 per share, which meant that MIRZAYANTZ NICOLAS earned $102766 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Group President Fragrance, MIRZAYANTZ NICOLAS selling 928 shares of this stock on July 16, 2019. The average selling price for the stock was $144.69 per share, with the sold stock accruing $134272.3. Following this transaction, the Group President Fragrance MIRZAYANTZ NICOLAS now holds 37250 shares of the company, which is worth around $4747885.
Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 52.53%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 95.08%. Over the past 20 days, International’s Stochastic %K stood at 97.63% while its Stochastic %D was revealed to be 91.81%.