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. Genworth Financial Inc shares valued at $1,031,700 were sold by McInerney Thomas J on Aug 26 ’24. At $6.88 per share, McInerney Thomas J sold 150,000 shares. The insider’s holdings dropped to 4,532,954 shares worth approximately $34.5 million following the completion of this transaction.
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Also, McInerney Thomas J purchased 150,000 shares, netting a total of over 1,031,721 in proceeds.
Before that, McInerney Thomas J had sold 200,000 shares from its account. In a trade valued at $1,254,800, the President and CEO; Director traded Genworth Financial Inc shares for $6.27 each. Upon closing the transaction, the insider’s holdings decreased to 200,000 shares, worth approximately $33.19 million.
Analysts at Compass Point resumed the stock at ‘”a Buy”‘ outlook in a report released in early May. As of February 08, 2016, Compass Point has reiterated its “Buy” rating for GNW. Earlier on November 17, 2015, Goldman initiated its rating. Their recommendation was “a Neutral” for GNW stock.
Analyzing GNW Stock Performance
During the last five days, there has been a drop of approximately -2.56%. Over the course of the year, Genworth Financial Inc shares have jumped approximately 13.92%. Shares of the company reached a 52-week high of $7.90 on 11/27/24 and a 52-week low of $5.67 on 04/16/24. A 50-day SMA is recorded $7.13, while a 200-day SMA reached $6.55. Nevertheless, trading volume fell to 2.35 million shares from 9785.0 shares the previous day.
Support And Resistance Levels for Genworth Financial Inc (GNW)
According to the 24-hour chart, there is a support level at 7.54, which, if violated, would cause prices to drop to 7.48. In the upper region, resistance lies at 7.67. The next price resistance is at 7.74. RSI (Relative Strength Index) is 60.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 41.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
