Enact Holdings Inc’s recently made public that its 10% Owner Genworth Holdings, Inc. unloaded Company’s shares for reported $7.94 million on Mar 28 ’24. In the deal valued at $28.90 per share,274,903 shares were sold. As a result of this transaction, Genworth Holdings, Inc. now holds 128,503,069 shares worth roughly $3.77 billion.
Then, Genworth Holdings, Inc. sold 1,067,671 shares, generating $28,961,964 in total proceeds. Upon selling the shares at $27.13, the 10% Owner now owns 128,777,972 shares.
Before that, Gupta Rohit bought 10,000 shares. Enact Holdings Inc shares valued at $269,690 were divested by the President and CEO at a price of $26.97 per share. As a result of the transaction, Gupta Rohit now holds 116,966 shares, worth roughly $3.43 million.
UBS initiated its Enact Holdings Inc [ACT] rating to a Neutral in a research note published on December 06, 2023; the price target was $29. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “a Buy”. BofA Securities also remained covering ACT and has increased its forecast on May 09, 2023 with a “Neutral” recommendation from previously “an Underperform” rating. Keefe Bruyette revised its rating on February 08, 2023. It rated ACT as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of ACT
On Tuesday, Enact Holdings Inc [NASDAQ:ACT] saw its stock fall -0.41% to $29.31. Over the last five days, the stock has lost -4.12%. Enact Holdings Inc shares have risen nearly 1.45% since the year began. Nevertheless, the stocks have risen 22.20% over the past one year. While a 52-week high of $31.26 was reached on 03/28/24, a 52-week low of $21.27 was recorded on 02/08/24. SMA at 50 days reached $28.83, while 200 days put it at $28.13. A total of 0.21 million shares were traded, compared to the trading of 0.14 million shares in the previous session.
Levels Of Support And Resistance For ACT Stock
The 24-hour chart illustrates a support level at 29.07, which if violated will result in even more drops to 28.82. On the upside, there is a resistance level at 29.47. A further resistance level may holdings at 29.62. The Relative Strength Index (RSI) on the 14-day chart is 42.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.53%. Stochastics %K at 9.28% indicates the stock is a buying.
