Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Genpact Ltd shares valued at $417,600 were sold by Kalra Balkrishan on Nov 25 ’24. At $46.40 per share, Kalra Balkrishan sold 9,000 shares. The insider’s holdings dropped to 267,404 shares worth approximately $12.16 million following the completion of this transaction.
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Also, White Heather sold 2,541 shares, netting a total of over 118,236 in proceeds. Following the sale of shares at $46.53 each, the insider now holds 60,311 shares.
Before that, Kalra Balkrishan had added 9,000 shares to its account. In a trade valued at $417,626, the Officer bought Genpact Ltd shares for $46.40 each.
As published in a research note from JP Morgan on July 17, 2024, Genpact Ltd [G] has been rated up from an Underweight to a Neutral and the price target has been revised to $40 from $43. Analysts at Mizuho started covering the stock with ‘”a Neutral”‘ outlook in a report released in late January. As of December 15, 2023, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for G. Earlier on August 22, 2023, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for G stock which previously was a “a Neutral”.
Analyzing G Stock Performance
During the last five days, there has been a drop of approximately -2.84%. Over the course of the year, Genpact Ltd shares have jumped approximately 31.06%. Shares of the company reached a 52-week high of $47.98 on 11/08/24 and a 52-week low of $30.23 on 04/18/24. A 50-day SMA is recorded $41.43, while a 200-day SMA reached $35.90. Nevertheless, trading volume fell to 1.39 million shares from 7992.0 shares the previous day.
Support And Resistance Levels for Genpact Ltd (G)
According to the 24-hour chart, there is a support level at 45.30, which, if violated, would cause prices to drop to 45.10. In the upper region, resistance lies at 45.78. The next price resistance is at 46.06. RSI (Relative Strength Index) is 61.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 48.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
