The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Gentherm Inc shares valued at $1,255,930 were sold by Eyler Phillip on Nov 21 ’24. At $42.31 per share, Eyler Phillip sold 29,684 shares. The insider’s holdings dropped to 147,317 shares worth approximately $6.2 million following the completion of this transaction.
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Also, Eyler Phillip purchased 29,684 shares, netting a total of over 1,255,828 in proceeds.
Before that, Eyler Phillip had sold 9,098 shares from its account. In a trade valued at $456,811, the President & CEO traded Gentherm Inc shares for $50.21 each. Upon closing the transaction, the insider’s holdings decreased to 9,098 shares, worth approximately $6.2 million.
As published in a research note from JP Morgan on October 21, 2024, Gentherm Inc [THRM] has been rated up from an Underweight to a Neutral and the price target has been revised to $56. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early December. As of July 11, 2023, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for THRM. Earlier on October 27, 2021, Seaport Research Partners initiated its rating. Their recommendation was “a Buy” for THRM stock.
Analyzing THRM Stock Performance
During the last five days, there has been a surge of approximately 1.08%. Over the course of the year, Gentherm Inc shares have dropped approximately -19.58%. Shares of the company reached a 52-week high of $62.93 on 02/21/24 and a 52-week low of $39.86 on 10/22/24. A 50-day SMA is recorded $43.41, while a 200-day SMA reached $49.63. Nevertheless, trading volume fell to 0.19 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Gentherm Inc (THRM)
According to the 24-hour chart, there is a support level at 41.61, which, if violated, would cause prices to drop to 41.11. In the upper region, resistance lies at 43.06. The next price resistance is at 44.01. RSI (Relative Strength Index) is 44.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 72.67%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
