Genuine Parts Co.’s recently made public that its Director NEEDHAM WENDY B unloaded Company’s shares for reported $0.45 million on May 21 ’24. In the deal valued at $151.29 per share,3,000 shares were sold. As a result of this transaction, NEEDHAM WENDY B now holds 13,006 shares worth roughly $1.49 million.
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Then, NEEDHAM WENDY B sold 3,250 shares, generating $503,490 in total proceeds. Upon selling the shares at $154.92, the Director now owns 14,397 shares.
UBS initiated its Genuine Parts Co. [GPC] rating to a Neutral in a research note published on October 12, 2023; the price target was $160. A number of analysts have revised their coverage, including Northcoast’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. BofA Securities also remained covering GPC and has increased its forecast on June 01, 2023 with a “Buy” recommendation from previously “Neutral” rating. Goldman revised its rating on May 02, 2023. It rated GPC as “a Neutral” which previously was an “a Sell”.
Price Performance Review of GPC
On Friday, Genuine Parts Co. [NYSE:GPC] saw its stock jump 1.00% to $114.24. Over the last five days, the stock has lost -20.21%. Genuine Parts Co. shares have fallen nearly -17.52% since the year began. Nevertheless, the stocks have fallen -11.05% over the past one year. While a 52-week high of $164.45 was reached on 04/18/24, a 52-week low of $112.74 was recorded on 10/22/24. SMA at 50 days reached $137.14, while 200 days put it at $143.77.
Levels Of Support And Resistance For GPC Stock
The 24-hour chart illustrates a support level at 113.17, which if violated will result in even more drops to 112.11. On the upside, there is a resistance level at 115.13. A further resistance level may holdings at 116.02. The Relative Strength Index (RSI) on the 14-day chart is 26.96, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -17.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.25%. Stochastics %K at 5.67% indicates the stock is a buying.
How much short interest is there in Genuine Parts Co.?
A steep rise in short interest was recorded in Genuine Parts Co. stocks on 2024-10-15, growing by 11575.0 shares to a total of 2.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.17 million shares. There was a rise of 0.53%, which implies that there is a positive sentiment for the stock.
