Genpact Ltd’s recent filing unveils that its President and CEO Kalra Balkrishan unloaded Company’s shares for reported $0.42 million on Nov 25 ’24. In the deal valued at $46.40 per share,9,000 shares were sold. As a result of this transaction, Kalra Balkrishan now holds 267,404 shares worth roughly $12.34 million.
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Then, White Heather sold 2,541 shares, generating $118,236 in total proceeds. Upon selling the shares at $46.53, the SVP & Chief Legal Officer now owns 60,311 shares.
Before that, Kalra Balkrishan bought 9,000 shares. Genpact Ltd shares valued at $417,626 were divested by the Officer at a price of $46.40 per share.
JP Morgan upgraded its Genpact Ltd [G] rating to a Neutral from a an Underweight in a research note published on July 17, 2024; the price target was decreased to $40 from $43. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late January with a ‘”a Neutral”‘ rating. Robert W. Baird also remained covering G and has decreased its forecast on December 15, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on August 22, 2023. It rated G as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of G
On Friday, Genpact Ltd [NYSE:G] saw its stock fall -0.71% to $46.16. Over the last five days, the stock has gained 0.74%. Genpact Ltd shares have risen nearly 32.99% since the year began. Nevertheless, the stocks have risen 36.69% over the past one year. While a 52-week high of $47.98 was reached on 11/08/24, a 52-week low of $30.23 was recorded on 04/18/24. SMA at 50 days reached $41.01, while 200 days put it at $35.75.
Levels Of Support And Resistance For G Stock
The 24-hour chart illustrates a support level at 45.99, which if violated will result in even more drops to 45.82. On the upside, there is a resistance level at 46.44. A further resistance level may holdings at 46.73. The Relative Strength Index (RSI) on the 14-day chart is 69.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.17%. Stochastics %K at 66.62% indicates the stock is a holding.
How much short interest is there in Genpact Ltd?
A steep rise in short interest was recorded in Genpact Ltd stocks on 2024-11-15, growing by 1.3 million shares to a total of 5.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.65 million shares. There was a rise of 21.82%, which implies that there is a positive sentiment for the stock.
