Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Earns Buy Rating from Analysts at Bank of America

Bank of America began coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $30.00 price objective on the stock.

Market Vectors Indian Rupee/USD ETN Stock Performance

Market Vectors Indian Rupee/USD ETN stock opened at $18.14 on Tuesday. Market Vectors Indian Rupee/USD ETN has a 52-week low of $17.82 and a 52-week high of $23.00. The stock’s 50 day moving average price is $31.58 and its two-hundred day moving average price is $36.41.

Insider Buying and Selling

In other news, Director Steven D. Gray purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average cost of $20.00 per share, with a total value of $300,000.00. Following the purchase, the director now owns 15,000 shares in the company, valued at $300,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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.