Gen Digital Inc’s recent filing unveils that its Officer BRYAN S KO acquired Company’s shares for reported $1.48 million on Nov 26 ’24. In the deal valued at $30.58 per share,48,290 shares were bought.
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Then, Pilette Vincent sold 178,801 shares, generating $4,565,862 in total proceeds. Upon selling the shares at $25.54, the CEO & President now owns 1,719,658 shares.
Before that, Pilette Vincent bought 178,801 shares. Gen Digital Inc shares valued at $4,510,185 were divested by the Officer at a price of $25.22 per share.
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 jump 0.91% to $30.90. Over the last five days, the stock has gained 5.68%. Gen Digital Inc shares have risen nearly 35.41% since the year began. Nevertheless, the stocks have risen 44.87% over the past one year. While a 52-week high of $30.89 was reached on 11/26/24, a 52-week low of $19.08 was recorded on 02/02/24. SMA at 50 days reached $28.15, while 200 days put it at $24.71.
Levels Of Support And Resistance For GEN Stock
The 24-hour chart illustrates a support level at 30.61, which if violated will result in even more drops to 30.33. On the upside, there is a resistance level at 31.06. A further resistance level may holdings at 31.23. The Relative Strength Index (RSI) on the 14-day chart is 69.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.95%. Stochastics %K at 86.57% indicates the stock is a selling.
How much short interest is there in Gen Digital Inc?
A steep rise in short interest was recorded in Gen Digital Inc stocks on 2024-11-15, dropping by -5.25 million shares to a total of 11.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 17.17 million shares. There was a decline of -44.06%, 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.
