Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Stock Price Down 3.9% – Should You Sell?

Core Viewpoint - Market Vectors Indian Rupee/USD ETN shares experienced a significant decline, trading down 3.9% to $14.61, with a notable drop in trading volume [1]. Group 1: Stock Performance - The stock traded as low as $14.61, with a last trading price of $14.61, reflecting a decline from the previous close of $15.20 [1]. - The trading volume was 36,601 shares, a decrease of 90% from the average session volume of 349,164 shares [1]. - The stock's 50-day simple moving average is $13.30, and the 200-day simple moving average is $14.14 [2][3]. Group 2: Analyst Ratings - Citigroup lowered its target price for Market Vectors Indian Rupee/USD ETN from $21.00 to $18.00 while maintaining a "buy" rating [1]. - Raymond James Financial reiterated a "strong-buy" rating but reduced its price objective from $29.00 to $23.00 [1]. - KeyCorp decreased its price objective from $22.00 to $19.00 and set an "overweight" rating [1]. - Roth Capital raised its target price from $17.00 to $18.00, giving the stock a "buy" rating [1]. Group 3: Insider Activity - Director David P. Poole purchased 8,646 shares at an average cost of $12.94 per share, totaling $111,879.24, which represents a 115.28% increase in his position [4]. - Following the acquisition, the director owned 16,146 shares valued at $208,929.24 [4]. Group 4: Company Overview - Market Vectors Indian Rupee/USD ETN is associated with International Consolidated Airlines Group, SA, which provides passenger and cargo transportation services globally [5]. - The company operates under several brands, including British Airways and Iberia, with a fleet of 533 aircraft serving 279 destinations [5].