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Checking in on Genpact Ltd (G) after recent insiders movement

Genpact Ltd’s filing revealed that its Chief Accounting Officer Klunk Donald J unloaded Company’s shares for reported $66910.0 on Feb 15 ’24. In the deal valued at $36.27 per share,1,845 shares were sold. As a result of this transaction, Klunk Donald J now holds 6,922 shares worth roughly $0.23 million.

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Then, White Heather sold 11,450 shares, generating $412,200 in total proceeds. Upon selling the shares at $36.00, the SVP & Chief Legal Officer now owns 21,175 shares.

Before that, Stein Kathryn Vanpelt sold 57,336 shares. Genpact Ltd shares valued at $1,998,149 were divested by the Senior Vice President at a price of $34.85 per share. As a result of the transaction, Stein Kathryn Vanpelt now holds 85,775 shares, worth roughly $2.91 million.

Mizuho initiated its Genpact Ltd [G] rating to a Neutral in a research note published on January 30, 2024; the price target was $40. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Neutral”. JP Morgan also remained covering G and has decreased its forecast on August 22, 2023 with a “an Underweight” recommendation from previously “Neutral” rating. Citigroup revised its rating on July 18, 2023. It rated G as “a Neutral” which previously was an “a Buy”.

Price Performance Review of G

On Monday, Genpact Ltd [NYSE:G] saw its stock jump 2.17% to $33.92. Over the last five days, the stock has gained 5.05%. Genpact Ltd shares have fallen nearly -2.28% since the year began. Nevertheless, the stocks have fallen -5.93% over the past one year. While a 52-week high of $39.75 was reached on 02/09/24, a 52-week low of $29.41 was recorded on 04/18/24. SMA at 50 days reached $32.35, while 200 days put it at $34.62. A total of 1.85 million shares were traded, compared to the trading of 3.51 million shares in the previous session.

Levels Of Support And Resistance For G Stock

The 24-hour chart illustrates a support level at 33.51, which if violated will result in even more drops to 33.10. On the upside, there is a resistance level at 34.17. A further resistance level may holdings at 34.42. The Relative Strength Index (RSI) on the 14-day chart is 67.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.84%. Stochastics %K at 70.78% indicates the stock is a holding.

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