Genpact Ltd’s recently made public 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 $12.08 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 -0.22% to $45.16. Over the last five days, the stock has lost -2.17%. Genpact Ltd shares have risen nearly 30.11% since the year began. Nevertheless, the stocks have risen 31.59% 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 $41.68, while 200 days put it at $35.99.
Levels Of Support And Resistance For G Stock
The 24-hour chart illustrates a support level at 44.86, which if violated will result in even more drops to 44.56. On the upside, there is a resistance level at 45.57. A further resistance level may holdings at 45.98. The Relative Strength Index (RSI) on the 14-day chart is 58.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.13%. Stochastics %K at 45.30% 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.
