Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Gentherm Inc shares valued at $456,811 were sold by Eyler Phillip on Sep 19 ’24. At $50.21 per share, Eyler Phillip sold 9,098 shares. The insider’s holdings dropped to 147,317 shares worth approximately $6.12 million following the completion of this transaction.
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Also, Eyler Phillip sold 4,402 shares, netting a total of over 220,980 in proceeds. Following the sale of shares at $50.20 each, the insider now holds 147,317 shares.
Before that, Eyler Phillip had sold 1,500 shares from its account. In a trade valued at $75,000, the President & CEO traded Gentherm Inc shares for $50.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $6.12 million.
As published in a research note from Argus on December 04, 2023, Gentherm Inc [THRM] has been rated down from a Buy to a Hold. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of October 27, 2021, Seaport Research Partners has initiated its “Buy” rating for THRM. Earlier on September 22, 2021, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for THRM stock.
Analyzing THRM Stock Performance
During the last five days, there has been a drop of approximately -2.17%. Over the course of the year, Gentherm Inc shares have dropped approximately -20.61%. Shares of the company reached a 52-week high of $62.93 on 02/21/24 and a 52-week low of $40.75 on 10/08/24. A 50-day SMA is recorded $47.38, while a 200-day SMA reached $50.60. Nevertheless, trading volume fell to 0.64 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for Gentherm Inc (THRM)
According to the 24-hour chart, there is a support level at 40.93, which, if violated, would cause prices to drop to 40.30. In the upper region, resistance lies at 42.65. The next price resistance is at 43.74. RSI (Relative Strength Index) is 32.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.07, which suggests the price will decrease in the coming days. Percent R is at 90.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
