Gartner, Inc.’s filing revealed that its EVP, Conferences Herkes Claire unloaded Company’s shares for reported $0.69 million on Mar 14 ’24. In the deal valued at $475.76 per share,1,460 shares were sold. As a result of this transaction, Herkes Claire now holds 2,842 shares worth roughly $1.34 million.
Then, SMITH JAMES C sold 5,000 shares, generating $2,350,450 in total proceeds. Upon selling the shares at $470.09, the Director now owns 618,235 shares.
Before that, HALL EUGENE A sold 18,716 shares. Gartner, Inc. shares valued at $8,773,934 were divested by the CEO at a price of $468.79 per share. As a result of the transaction, HALL EUGENE A now holds 1,155,457 shares, worth roughly $542.94 million.
A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early June with a ‘”a Neutral”‘ rating. Wells Fargo started covering the stock on July 13, 2022. It rated IT as “an Overweight”.
Price Performance Review of IT
On Tuesday, Gartner, Inc. [NYSE:IT] saw its stock fall -0.42% to $469.89. Over the last five days, the stock has gained 0.09%. Gartner, Inc. shares have risen nearly 4.16% since the year began. Nevertheless, the stocks have risen 49.77% over the past one year. While a 52-week high of $486.54 was reached on 03/21/24, a 52-week low of $292.60 was recorded on 01/05/24. SMA at 50 days reached $465.71, while 200 days put it at $402.79. A total of 0.25 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For IT Stock
The 24-hour chart illustrates a support level at 465.78, which if violated will result in even more drops to 461.66. On the upside, there is a resistance level at 474.98. A further resistance level may holdings at 480.06. The Relative Strength Index (RSI) on the 14-day chart is 49.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.23%. Stochastics %K at 31.31% indicates the stock is a holding.
How much short interest is there in Gartner, Inc.?
A steep rise in short interest was recorded in Gartner, Inc. stocks on Mar 28, 2024, growing by 57900.0 shares to a total of 1.04 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.98 million shares. There was a rise of 5.57%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.57% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.03.
