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Analyzing Genuine Parts Co. (GPC) After Recent Trading Activity

Genuine Parts Co.’s recently made public that its Director NEEDHAM WENDY B unloaded Company’s shares for reported $0.5 million on Mar 20 ’24. In the deal valued at $154.92 per share,3,250 shares were sold. As a result of this transaction, NEEDHAM WENDY B now holds 14,397 shares worth roughly $2.32 million.

Then, LOUDERMILK ROBERT C JR bought 2,000 shares, generating $303,500 in total proceeds. Upon buying the shares at $151.75, the Director now owns 33,162 shares.

Before that, BREAUX RANDALL P bought 500 shares. Genuine Parts Co. shares valued at $74,720 were divested by the Group President, GPC N.A. at a price of $149.44 per share. As a result of the transaction, BREAUX RANDALL P now holds 20,523 shares, worth roughly $3.31 million.

UBS initiated its Genuine Parts Co. [GPC] rating to a Neutral in a research note published on October 12, 2023; the price target was $160. A number of analysts have revised their coverage, including Northcoast’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. BofA Securities also remained covering GPC and has increased its forecast on June 01, 2023 with a “Buy” recommendation from previously “Neutral” rating. Goldman revised its rating on May 02, 2023. It rated GPC as “a Neutral” which previously was an “a Sell”.

Price Performance Review of GPC

On Monday, Genuine Parts Co. [NYSE:GPC] saw its stock jump 0.90% to $161.37. Over the last five days, the stock has lost -1.05%. Genuine Parts Co. shares have risen nearly 16.51% since the year began. Nevertheless, the stocks have fallen -3.72% over the past one year. While a 52-week high of $174.91 was reached on 04/18/24, a 52-week low of $126.35 was recorded on 02/15/24. SMA at 50 days reached $152.25, while 200 days put it at $146.05. A total of 1.06 million shares were traded, compared to the trading of 1.0 million shares in the previous session.

Levels Of Support And Resistance For GPC Stock

The 24-hour chart illustrates a support level at 160.55, which if violated will result in even more drops to 159.74. On the upside, there is a resistance level at 162.12. A further resistance level may holdings at 162.88. The Relative Strength Index (RSI) on the 14-day chart is 64.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.85%. Stochastics %K at 82.35% indicates the stock is a selling.

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