Inter & Co (INTR) Shares Soar 5.86% on Institutional Buying

Inter & Co (INTR) shares surged 5.86% today, marking the third consecutive day of gains, with a total increase of 17.40% over the past three days. The share price rose to its highest level since November 2024 today, with an intraday gain of 6.18%.

Inter & Co's recent stock performance has been driven by several key factors. One significant development is the increased holdings by Legal & General Group Plc, which boosted its stake in the company by 5.6% in the fourth quarter. This move is seen as a vote of confidence by a major institutional investor, potentially attracting more investors to the stock.

Additionally, the company's bullish momentum has been evident in its consecutive days of gains, indicating a strong upward trend. This positive sentiment has likely contributed to the stock's recent surge, as investors become more optimistic about the company's prospects.