Innovex International (NYSE:INVX) Shares Gap Down - Here's What Happened

Innovex International (NYSE: INVX) shares gapped down by 6.8% to $28.45, despite the company beating its quarterly earnings and revenue estimates. Analyst sentiment is mixed, with an average rating of "Moderate Buy" and a target price of $32.25, but several firms have recently downgraded the stock. An insider also sold 10,750 shares worth approximately $301,000.