Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Genworth Financial Inc shares valued at $1,235,400 were sold by McInerney Thomas J on Dec 04 ’23. At $6.18 per share, McInerney Thomas J sold 200,000 shares. The insider’s holdings dropped to 3,270,010 shares worth approximately $19.46 million following the completion of this transaction.
Also, McInerney Thomas J sold 200,000 shares, netting a total of over 1,201,200 in proceeds. Following the sale of shares at $6.01 each, the insider now holds 3,470,010 shares.
Before that, McInerney Thomas J had sold 125,000 shares from its account. In a trade valued at $690,500, the President and CEO; Director traded Genworth Financial Inc shares for $5.52 each. Upon closing the transaction, the insider’s holdings decreased to 125,000 shares, worth approximately $27.67 million.
Analysts at Compass Point resumed the stock at ‘”a Buy”‘ outlook in a report released in early May. As of February 08, 2016, Compass Point has reiterated its “Buy” rating for GNW. Earlier on November 17, 2015, Goldman initiated its rating. Their recommendation was “a Neutral” for GNW stock.
Analyzing GNW Stock Performance
During the last five days, there has been a drop of approximately -6.15%. Over the course of the year, Genworth Financial Inc shares have dropped approximately -10.93%. Shares of the company reached a 52-week high of $6.80 on 01/05/24 and a 52-week low of $5.68 on 02/22/24. A 50-day SMA is recorded $6.22, while a 200-day SMA reached $6.02. Nevertheless, trading volume fell to 3.17 million shares from 4.41 million shares the previous day.
Support And Resistance Levels for Genworth Financial Inc (GNW)
According to the 24-hour chart, there is a support level at 5.91, which, if violated, would cause prices to drop to 5.88. In the upper region, resistance lies at 6.00. The next price resistance is at 6.05. RSI (Relative Strength Index) is 35.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 95.65%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Genworth Financial Inc subject to short interest?
Stocks of Genworth Financial Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.43 million shares to 8.04 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 7.61 million shares. A jump of 5.35% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.45 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.45.
