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Recent Insider Activity Suggests Potential Gains for Genuine Parts Co (GPC)

In a filing, Genuine Parts Co revealed its Group President, GPC N.A. BREAUX RANDALL P acquired Company’s shares for reported $0.1 million on Nov 01 ’24. In the deal valued at $133.65 per share,750 shares were bought. As a result of this transaction, BREAUX RANDALL P now holds 35,189 shares worth roughly $4.43 million.

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Then, NEEDHAM WENDY B sold 3,000 shares, generating $453,870 in total proceeds. Upon selling the shares at $151.29, the Director now owns 13,006 shares.

Before that, NEEDHAM WENDY B sold 3,250 shares. Genuine Parts Co shares valued at $503,490 were divested by the Director at a price of $154.92 per share. As a result of the transaction, NEEDHAM WENDY B now holds 14,397 shares, worth roughly $1.81 million.

UBS initiated its Genuine Parts Co [GPC] rating to a Neutral in a research note published on October 12, 2023; the price target was $160. A number of analysts have revised their coverage, including Northcoast’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. BofA Securities also remained covering GPC and has increased its forecast on June 01, 2023 with a “Buy” recommendation from previously “Neutral” rating. Goldman revised its rating on May 02, 2023. It rated GPC as “a Neutral” which previously was an “a Sell”.

Price Performance Review of GPC

On Monday, Genuine Parts Co [NYSE:GPC] saw its stock jump 2.03% to $125.92. Over the last five days, the stock has lost -1.26%. Genuine Parts Co shares have fallen nearly -9.08% since the year began. Nevertheless, the stocks have fallen -6.23% over the past one year. While a 52-week high of $164.45 was reached on 04/18/24, a 52-week low of $112.74 was recorded on 10/22/24. SMA at 50 days reached $127.01, while 200 days put it at $140.79.

Levels Of Support And Resistance For GPC Stock

The 24-hour chart illustrates a support level at 124.16, which if violated will result in even more drops to 122.39. On the upside, there is a resistance level at 127.63. A further resistance level may holdings at 129.34. The Relative Strength Index (RSI) on the 14-day chart is 51.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.13%. Stochastics %K at 45.19% indicates the stock is a holding.

How much short interest is there in Genuine Parts Co?

A steep rise in short interest was recorded in Genuine Parts Co stocks on 2024-11-15, growing by 0.69 million shares to a total of 2.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.18 million shares. There was a rise of 24.0%, which implies that there is a positive sentiment for the stock.

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