In a filing, Gentex Corp. revealed its Chief Financial Officer Nash Kevin C unloaded Company’s shares for reported $0.45 million on Feb 20 ’24. In the deal valued at $33.04 per share,13,500 shares were sold. As a result of this transaction, Nash Kevin C now holds 44,321 shares worth roughly $1.52 million.
Then, Ryan Scott P sold 12,500 shares, generating $437,450 in total proceeds. Upon selling the shares at $35.00, the General Counsel now owns 28,949 shares.
Before that, GOODE GARY F sold 7,000 shares. Gentex Corp. shares valued at $245,139 were divested by the Director at a price of $35.02 per share. As a result of the transaction, GOODE GARY F now holds 29,180 shares, worth roughly $1.0 million.
BofA Securities upgraded its Gentex Corp. [GNTX] rating to a Neutral from a an Underperform in a research note published on July 06, 2023; the price target was increased to $33 from $26. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid December from “a Sell” to “a Neutral”. Exane BNP Paribas began covering GNTX with “an Outperform” recommendation on April 11, 2022. Seaport Global Securities revised its rating on July 26, 2021. It rated GNTX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of GNTX
On Friday, Gentex Corp. [NASDAQ:GNTX] saw its stock fall -1.10% to $34.25. Over the last five days, the stock has lost -4.62%. Gentex Corp. shares have risen nearly 4.87% since the year began. Nevertheless, the stocks have risen 24.77% over the past one year. While a 52-week high of $37.58 was reached on 03/07/24, a 52-week low of $25.85 was recorded on 01/04/24. SMA at 50 days reached $35.73, while 200 days put it at $32.60. A total of 1.16 million shares were traded, compared to the trading of 1.51 million shares in the previous session.
Levels Of Support And Resistance For GNTX Stock
The 24-hour chart illustrates a support level at 34.17, which if violated will result in even more drops to 34.09. On the upside, there is a resistance level at 34.39. A further resistance level may holdings at 34.53. The Relative Strength Index (RSI) on the 14-day chart is 31.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.10%. Stochastics %K at 3.63% indicates the stock is a buying.
The most recent change occurred on January 28, 2021 when Seaport Global Securities began covering the stock and recommended ‘”a Neutral”‘ rating.
