Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Director Purchases $175,983.28 in Stock

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Director Steven Gray bought 12,902 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were purchased at an average cost of $13.64 per share, with a total value of $175,983.28. Following the purchase, the director directly owned 12,902 shares of the company’s stock, valued at approximately $175,983.28. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Market Vectors Indian Rupee/USD ETN Stock Up 0.5%

Shares of INR stock opened at $13.75 on Monday. The stock has a 50-day simple moving average of $15.57 and a 200 day simple moving average of $16.74. Market Vectors Indian Rupee/USD ETN has a fifty-two week low of $13.27 and a fifty-two week high of $23.00.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on INR shares. Citigroup reduced their target price on Market Vectors Indian Rupee/USD ETN from $25.00 to $21.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank Of Canada reduced their target price on Market Vectors Indian Rupee/USD ETN from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Tuesday, July 8th. Finally, Siebert Williams Shank started coverage on Market Vectors Indian Rupee/USD ETN in a report on Friday, June 13th. They set a “buy” rating and a $23.00 target price for the company.

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.