Gen Digital Inc’s recently made public that its CEO & President Pilette Vincent unloaded Company’s shares for reported $4.57 million on Aug 19 ’24. In the deal valued at $25.54 per share,178,801 shares were sold. As a result of this transaction, Pilette Vincent now holds 1,719,658 shares worth roughly $-48.17 million.
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Then, Pilette Vincent bought 178,801 shares, generating $4,510,185 in total proceeds.
Before that, Feld Peter A sold 750,000 shares. Gen Digital Inc shares valued at $18,326,925 were divested by the Director at a price of $24.44 per share. As a result of the transaction, Feld Peter A now holds 39,182 shares, worth roughly $1.1 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 jump 0.94% to $28.01. Over the last five days, the stock has gained 2.64%. Gen Digital Inc shares have risen nearly 22.74% since the year began. Nevertheless, the stocks have risen 61.91% over the past one year. While a 52-week high of $27.81 was reached on 10/14/24, a 52-week low of $16.38 was recorded on 02/02/24. SMA at 50 days reached $26.22, while 200 days put it at $23.78.
Levels Of Support And Resistance For GEN Stock
The 24-hour chart illustrates a support level at 27.73, which if violated will result in even more drops to 27.45. On the upside, there is a resistance level at 28.15. A further resistance level may holdings at 28.29. The Relative Strength Index (RSI) on the 14-day chart is 67.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.38%. Stochastics %K at 95.97% indicates the stock is a selling.
How much short interest is there in Gen Digital Inc?
A steep rise in short interest was recorded in Gen Digital Inc stocks on 2024-09-30, growing by 0.59 million shares to a total of 18.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 17.97 million shares. There was a rise of 3.2%, which implies that there is a positive sentiment for the stock.
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.
