Gen Digital Inc’s recent filing unveils 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 $52.23 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $1.19 million.
Wells Fargo initiated its Gen Digital Inc [GEN] rating to an Overweight in a research note published on October 24, 2024; the price target was $35. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early June from “an Overweight” to “an Equal-weight”. Barclays also remained covering GEN and has decreased its forecast on April 11, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Morgan Stanley revised its rating on November 21, 2023. It rated GEN as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of GEN
On Monday, Gen Digital Inc [NASDAQ:GEN] saw its stock jump 2.84% to $30.37. Over the last five days, the stock has gained 7.54%. Gen Digital Inc shares have risen nearly 33.09% since the year began. Nevertheless, the stocks have risen 59.84% over the past one year. While a 52-week high of $30.03 was reached on 11/11/24, a 52-week low of $18.75 was recorded on 02/02/24. SMA at 50 days reached $27.28, while 200 days put it at $24.28.
Levels Of Support And Resistance For GEN Stock
The 24-hour chart illustrates a support level at 29.82, which if violated will result in even more drops to 29.28. On the upside, there is a resistance level at 30.73. A further resistance level may holdings at 31.10. The Relative Strength Index (RSI) on the 14-day chart is 72.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.77%. Stochastics %K at 88.51% 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 2024-10-15, dropping by -3.83 million shares to a total of 17.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 21.0 million shares. There was a decline of -22.3%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 16, 2023 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.
