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Gartner, Inc [IT] Director makes an insider purchase of 1,743 shares worth 0.92 million.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Gartner, Inc shares valued at $921,367 were sold by Bisson Peter on Nov 15 ’24. At $528.61 per share, Bisson Peter sold 1,743 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Hensel Scott sold 1,600 shares, netting a total of over 888,000 in proceeds. Following the sale of shares at $555.00 each, the insider now holds 18,124 shares.

Before that, SMITH JAMES C had sold 12,635 shares from its account. In a trade valued at $6,984,519, the Director traded Gartner, Inc shares for $552.79 each. Upon closing the transaction, the insider’s holdings decreased to 12,635 shares, worth approximately $267.13 million.

As published in their initiating research note from Wells Fargo on August 13, 2024, Gartner, Inc [IT] has been an Underweight and the price target has been revised to $435. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in mid April. As of April 11, 2024, UBS has increased its “Neutral” rating to a “Buy” for IT.

Analyzing IT Stock Performance

During the last five days, there has been a drop of approximately -3.33%. Over the course of the year, Gartner, Inc shares have jumped approximately 15.10%. Shares of the company reached a 52-week high of $559.00 on 11/11/24 and a 52-week low of $411.15 on 04/30/24. A 50-day SMA is recorded $519.87, while a 200-day SMA reached $474.71. Nevertheless, trading volume fell to 0.53 million shares from 0.48 million shares the previous day.

Support And Resistance Levels for Gartner, Inc (IT)

According to the 24-hour chart, there is a support level at 515.89, which, if violated, would cause prices to drop to 512.53. In the upper region, resistance lies at 523.15. The next price resistance is at 527.05. RSI (Relative Strength Index) is 45.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -12.44, which suggests the price will decrease in the coming days. Percent R is at 68.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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