Gen Digital Inc’s recently made public that its Director Feld Peter A unloaded Company’s shares for reported $8.52 million on May 15 ’24. In the deal valued at $24.89 per share,342,300 shares were sold. As a result of this transaction, Feld Peter A now holds 0 shares worth roughly $0.0.
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Then, Feld Peter A sold 750,000 shares, generating $18,326,925 in total proceeds. Upon selling the shares at $24.44, the Director now owns 39,182 shares.
Before that, DERSE NATALIE MARIE sold 169,535 shares. Gen Digital Inc shares valued at $4,121,396 were divested by the CFO at a price of $24.31 per share. As a result of the transaction, DERSE NATALIE MARIE now holds 333,668 shares, worth roughly $8.03 million.
Morgan Stanley downgraded its Gen Digital Inc [GEN] rating to an Equal-weight from a an Overweight in a research note published on June 07, 2024; the price target was decreased to $27 from $28. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in mid April from “an Overweight” to “an Equal weight”. Morgan Stanley also remained covering GEN and has increased its forecast on November 21, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. BofA Securities started covering the stock on November 16, 2023. It rated GEN as “a Buy”.
Price Performance Review of GEN
On Monday, Gen Digital Inc [NASDAQ:GEN] saw its stock fall -0.58% to $24.08. Over the last five days, the stock has lost -1.27%. Gen Digital Inc shares have risen nearly 5.52% since the year began. Nevertheless, the stocks have risen 33.11% over the past one year. While a 52-week high of $25.61 was reached on 06/06/24, a 52-week low of $16.38 was recorded on 02/02/24. SMA at 50 days reached $22.89, while 200 days put it at $21.32. A total of 4.99 million shares were traded, compared to the trading of 4.21 million shares in the previous session.
Levels Of Support And Resistance For GEN Stock
The 24-hour chart illustrates a support level at 23.76, which if violated will result in even more drops to 23.45. On the upside, there is a resistance level at 24.32. A further resistance level may holdings at 24.57. The Relative Strength Index (RSI) on the 14-day chart is 50.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.46%. Stochastics %K at 31.98% indicates the stock is a holding.
The most recent change occurred on May 19, 2023 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $27 price target.
