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An Analysis of Genworth Financial Inc (GNW)’s Potential Price Growth

In a filing, Genworth Financial Inc revealed its President and CEO; Director McInerney Thomas J unloaded Company’s shares for reported $1.24 million on Dec 04 ’23. In the deal valued at $6.18 per share,200,000 shares were sold. As a result of this transaction, McInerney Thomas J now holds 3,270,010 shares worth roughly $21.42 million.

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Then, McInerney Thomas J sold 200,000 shares, generating $1,201,200 in total proceeds. Upon selling the shares at $6.01, the President and CEO; Director now owns 3,470,010 shares.

Before that, McInerney Thomas J sold 125,000 shares. Genworth Financial Inc shares valued at $690,500 were divested by the President and CEO; Director at a price of $5.52 per share. As a result of the transaction, McInerney Thomas J now holds 4,649,974 shares, worth roughly $30.46 million.

A number of analysts have revised their coverage, including Compass Point’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. Compass Point also remained covering GNW and reiterated its “Buy” recommendation on February 08, 2016. Goldman started covering the stock on November 17, 2015. It rated GNW as “a Neutral”.

Price Performance Review of GNW

On Monday, Genworth Financial Inc [NYSE:GNW] saw its stock fall -1.06% to $6.55. Over the last five days, the stock has lost -1.65%. Genworth Financial Inc shares have fallen nearly -1.95% since the year began. Nevertheless, the stocks have risen 24.76% over the past one year. While a 52-week high of $6.93 was reached on 01/05/24, a 52-week low of $4.83 was recorded on 04/16/24. SMA at 50 days reached $6.24, while 200 days put it at $6.10. A total of 2.26 million shares were traded, compared to the trading of 1.99 million shares in the previous session.

Levels Of Support And Resistance For GNW Stock

The 24-hour chart illustrates a support level at 6.50, which if violated will result in even more drops to 6.45. On the upside, there is a resistance level at 6.65. A further resistance level may holdings at 6.75. The Relative Strength Index (RSI) on the 14-day chart is 62.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.62%. Stochastics %K at 82.94% indicates the stock is a selling.

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