Gentex Corp.’s recent filing unveils that its 10% Owner GENTEX CORP acquired Company’s shares for reported $15.76 million on Aug 23 ’24. In the deal valued at $5.00 per share,3,152,500 shares were bought. As a result of this transaction, GENTEX CORP now holds 6,463,808 shares worth roughly $186.74 million.
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Then, ANDERSON JOSEPH B JR sold 4,716 shares, generating $162,503 in total proceeds. Upon selling the shares at $34.46, the Director now owns 3,764 shares.
Before that, GOODE GARY F sold 4,716 shares. Gentex Corp. shares valued at $162,503 were divested by the Director at a price of $34.46 per share. As a result of the transaction, GOODE GARY F now holds 24,464 shares, worth roughly $0.71 million.
UBS initiated its Gentex Corp. [GNTX] rating to a Neutral in a research note published on September 04, 2024; the price target was $34. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in late July from “an Outperform” to “a Neutral”. BofA Securities also remained covering GNTX and has increased its forecast on July 06, 2023 with a “Neutral” recommendation from previously “an Underperform” rating. Goldman revised its rating on December 14, 2022. It rated GNTX as “a Neutral” which previously was an “a Sell”.
Price Performance Review of GNTX
On Monday, Gentex Corp. [NASDAQ:GNTX] saw its stock fall -0.38% to $28.89. Over the last five days, the stock has lost -2.69%. Gentex Corp. shares have fallen nearly -11.54% since the year began. Nevertheless, the stocks have fallen -7.64% over the past one year. While a 52-week high of $37.58 was reached on 03/07/24, a 52-week low of $27.86 was recorded on 08/12/24. SMA at 50 days reached $29.91, while 200 days put it at $33.24.
Levels Of Support And Resistance For GNTX Stock
The 24-hour chart illustrates a support level at 28.71, which if violated will result in even more drops to 28.53. On the upside, there is a resistance level at 29.03. A further resistance level may holdings at 29.18. The Relative Strength Index (RSI) on the 14-day chart is 39.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.94%. Stochastics %K at 10.21% indicates the stock is a buying.
How much short interest is there in Gentex Corp.?
A steep rise in short interest was recorded in Gentex Corp. stocks on 2024-09-13, dropping by -0.37 million shares to a total of 4.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.32 million shares. There was a decline of -7.42%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 11, 2022 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating .
