Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Enact Holdings Inc shares valued at $24,509,425 were sold by Genworth Holdings, Inc. on Oct 31 ’24. At $35.90 per share, Genworth Holdings, Inc. sold 682,729 shares. The insider’s holdings dropped to 124,813,728 shares worth approximately $4.25 billion following the completion of this transaction.
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Also, Genworth Holdings, Inc. sold 673,037 shares, netting a total of over 24,227,380 in proceeds. Following the sale of shares at $36.00 each, the insider now holds 125,496,457 shares.
Before that, Genworth Holdings, Inc. had sold 697,093 shares from its account. In a trade valued at $23,402,039, the 10% Owner traded Enact Holdings Inc shares for $33.57 each. Upon closing the transaction, the insider’s holdings decreased to 697,093 shares, worth approximately $4.29 billion.
As published in their initiating research note from UBS on December 06, 2023, Enact Holdings Inc [ACT] has been a Neutral and the price target has been revised to $29. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid November. As of May 09, 2023, BofA Securities has increased its “an Underperform” rating to a “Neutral” for ACT. Earlier on February 08, 2023, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for ACT stock which previously was a “a Mkt perform”.
Analyzing ACT Stock Performance
During the last five days, there has been a drop of approximately -1.96%. Over the course of the year, Enact Holdings Inc shares have jumped approximately 17.79%. Shares of the company reached a 52-week high of $37.42 on 10/18/24 and a 52-week low of $26.13 on 02/08/24. A 50-day SMA is recorded $35.61, while a 200-day SMA reached $31.82. Nevertheless, trading volume fell to 0.65 million shares from 0.81 million shares the previous day.
Support And Resistance Levels for Enact Holdings Inc (ACT)
According to the 24-hour chart, there is a support level at 33.53, which, if violated, would cause prices to drop to 33.03. In the upper region, resistance lies at 34.47. The next price resistance is at 34.92. RSI (Relative Strength Index) is 42.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.48, which suggests the price will decrease in the coming days. Percent R is at 64.94%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
