Ingevity Corp (NGVT)

Shares of Ingevity Corporation (NGVT) dropped by 7.03% from $46.40 to $43.14 in the trading on Tuesday October 3, 2023. The NGVT stock is down due a recent rating downgrade from Buy to Hold, as well as a reduction in the price target from $62 to $53 by Loop Capital. The modification in the price target had a significant impact on investor sentiment, contributing to the stock's decline.