Enact Holdings Inc’s filing revealed that its 10% Owner Genworth Holdings, Inc. unloaded Company’s shares for reported $24.51 million on Oct 31 ’24. In the deal valued at $35.90 per share,682,729 shares were sold. As a result of this transaction, Genworth Holdings, Inc. now holds 124,813,728 shares worth roughly $4.04 billion.
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Then, Genworth Holdings, Inc. sold 673,037 shares, generating $24,227,380 in total proceeds. Upon selling the shares at $36.00, the 10% Owner now owns 125,496,457 shares.
Before that, Genworth Holdings, Inc. sold 697,093 shares. Enact Holdings Inc shares valued at $23,402,039 were divested by the 10% Owner at a price of $33.57 per share. As a result of the transaction, Genworth Holdings, Inc. now holds 126,169,494 shares, worth roughly $4.09 billion.
UBS initiated its Enact Holdings Inc [ACT] rating to a Neutral in a research note published on December 06, 2023; the price target was $29. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “a Buy”. BofA Securities also remained covering ACT and has increased its forecast on May 09, 2023 with a “Neutral” recommendation from previously “an Underperform” rating. Keefe Bruyette revised its rating on February 08, 2023. It rated ACT as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of ACT
On Friday, Enact Holdings Inc [NASDAQ:ACT] saw its stock fall -5.02% to $32.38. Over the last five days, the stock has lost -6.55%. Enact Holdings Inc shares have risen nearly 12.08% since the year began. Nevertheless, the stocks have risen 20.11% over the past one year. While a 52-week high of $37.42 was reached on 10/18/24, a 52-week low of $26.13 was recorded on 02/08/24. SMA at 50 days reached $35.74, while 200 days put it at $31.75.
Levels Of Support And Resistance For ACT Stock
The 24-hour chart illustrates a support level at 31.80, which if violated will result in even more drops to 31.22. On the upside, there is a resistance level at 33.50. A further resistance level may holdings at 34.62. The Relative Strength Index (RSI) on the 14-day chart is 22.40, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.21%. Stochastics %K at 12.07% indicates the stock is a buying.
How much short interest is there in Enact Holdings Inc?
A steep rise in short interest was recorded in Enact Holdings Inc stocks on 2024-10-15, dropping by -0.58 million shares to a total of 0.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.54 million shares. There was a decline of -60.38%, which implies that there is a negative sentiment for the stock.
