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 $50.28 million.
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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 $1.15 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 Tuesday, Gen Digital Inc [NASDAQ:GEN] saw its stock fall -0.14% to $29.24. Over the last five days, the stock has lost -4.23%. Gen Digital Inc shares have risen nearly 28.13% since the year began. Nevertheless, the stocks have risen 41.53% over the past one year. While a 52-week high of $30.89 was reached on 11/13/24, a 52-week low of $19.08 was recorded on 02/02/24. SMA at 50 days reached $27.76, while 200 days put it at $24.49.
Levels Of Support And Resistance For GEN Stock
The 24-hour chart illustrates a support level at 28.98, which if violated will result in even more drops to 28.72. On the upside, there is a resistance level at 29.41. A further resistance level may holdings at 29.57. The Relative Strength Index (RSI) on the 14-day chart is 56.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.85%. Stochastics %K at 58.89% indicates the stock is a holding.
How much short interest is there in Gen Digital Inc?
A steep rise in short interest was recorded in Gen Digital Inc stocks on 2024-10-31, dropping by -3.94 million shares to a total of 14.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 18.57 million shares. There was a decline of -26.94%, 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.
