In a filing, Genworth Financial Inc revealed its President and CEO; Director McInerney Thomas J unloaded Company’s shares for reported $1.03 million on Aug 26 ’24. In the deal valued at $6.88 per share,150,000 shares were sold. As a result of this transaction, McInerney Thomas J now holds 4,532,954 shares worth roughly $35.45 million.
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Then, McInerney Thomas J bought 150,000 shares, generating $1,031,721 in total proceeds.
Before that, McInerney Thomas J sold 200,000 shares. Genworth Financial Inc shares valued at $1,254,800 were divested by the President and CEO; Director at a price of $6.27 per share. As a result of the transaction, McInerney Thomas J now holds 4,361,980 shares, worth roughly $34.11 million.
A number of analysts have revised their coverage, including Compass Point’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. Compass Point also remained covering GNW and reiterated its “Buy” recommendation on February 08, 2016. Goldman started covering the stock on November 17, 2015. It rated GNW as “a Neutral”.
Price Performance Review of GNW
On Monday, Genworth Financial Inc [NYSE:GNW] saw its stock jump 0.64% to $7.82. Over the last five days, the stock has gained 5.53%. Genworth Financial Inc shares have risen nearly 17.07% since the year began. Nevertheless, the stocks have risen 32.77% over the past one year. While a 52-week high of $7.77 was reached on 11/25/24, a 52-week low of $5.67 was recorded on 04/16/24. SMA at 50 days reached $7.02, while 200 days put it at $6.51.
Levels Of Support And Resistance For GNW Stock
The 24-hour chart illustrates a support level at 7.80, which if violated will result in even more drops to 7.77. On the upside, there is a resistance level at 7.86. A further resistance level may holdings at 7.89. The Relative Strength Index (RSI) on the 14-day chart is 74.03, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.15%. Stochastics %K at 97.14% indicates the stock is a selling.
How much short interest is there in Genworth Financial Inc?
A steep rise in short interest was recorded in Genworth Financial Inc stocks on 2024-10-31, growing by 1.51 million shares to a total of 6.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.95 million shares. There was a rise of 23.34%, which implies that there is a positive sentiment for the stock.
