Genpact Ltd’s filing revealed that its Director Lindstrom Carol acquired Company’s shares for reported $0.15 million on Nov 12 ’24. In the deal valued at $46.57 per share,3,218 shares were bought.
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Then, Mehta Piyush bought 70,000 shares, generating $3,215,800 in total proceeds.
Before that, Kalra Balkrishan sold 7,000 shares. Genpact Ltd shares valued at $269,786 were divested by the President and CEO at a price of $38.54 per share. As a result of the transaction, Kalra Balkrishan now holds 276,404 shares, worth roughly $12.9 million.
JP Morgan upgraded its Genpact Ltd [G] rating to a Neutral from a an Underweight in a research note published on July 17, 2024; the price target was decreased to $40 from $43. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late January with a ‘”a Neutral”‘ rating. Robert W. Baird also remained covering G and has decreased its forecast on December 15, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on August 22, 2023. It rated G as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of G
On Tuesday, Genpact Ltd [NYSE:G] saw its stock jump 0.02% to $46.67. Over the last five days, the stock has gained 19.39%. Genpact Ltd shares have risen nearly 34.46% since the year began. Nevertheless, the stocks have risen 44.49% over the past one year. While a 52-week high of $47.98 was reached on 11/08/24, a 52-week low of $30.23 was recorded on 04/18/24. SMA at 50 days reached $39.34, while 200 days put it at $35.15.
Levels Of Support And Resistance For G Stock
The 24-hour chart illustrates a support level at 46.18, which if violated will result in even more drops to 45.70. On the upside, there is a resistance level at 47.03. A further resistance level may holdings at 47.40. The Relative Strength Index (RSI) on the 14-day chart is 87.03, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.89%. Stochastics %K at 84.68% indicates the stock is a selling.
How much short interest is there in Genpact Ltd?
A steep rise in short interest was recorded in Genpact Ltd stocks on 2024-10-15, dropping by 18865.0 shares to a total of 4.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.66 million shares. There was a decline of -0.41%, which implies that there is a negative sentiment for the stock.
