In a filing, Genpact Ltd revealed its President and CEO Kalra Balkrishan unloaded Company’s shares for reported $0.61 million on Dec 13 ’24. In the deal valued at $44.60 per share,13,600 shares were sold. As a result of this transaction, Kalra Balkrishan now holds 267,404 shares worth roughly $11.57 million.
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Then, BALKRISHAN KALRA bought 13,600 shares, generating $606,574 in total proceeds.
Before that, Kalra Balkrishan sold 9,000 shares. Genpact Ltd shares valued at $417,600 were divested by the President and CEO at a price of $46.40 per share. As a result of the transaction, Kalra Balkrishan now holds 267,404 shares, worth roughly $11.57 million.
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 Tuesday, Genpact Ltd [NYSE:G] saw its stock fall -0.85% to $43.27. Over the last five days, the stock has lost -3.26%. Genpact Ltd shares have risen nearly 24.66% since the year began. Nevertheless, the stocks have risen 24.41% 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 $42.40, while 200 days put it at $36.32.
Levels Of Support And Resistance For G Stock
The 24-hour chart illustrates a support level at 42.85, which if violated will result in even more drops to 42.42. On the upside, there is a resistance level at 43.90. A further resistance level may holdings at 44.53. The Relative Strength Index (RSI) on the 14-day chart is 40.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.65%. Stochastics %K at 8.06% indicates the stock is a buying.
How much short interest is there in Genpact Ltd?
A steep rise in short interest was recorded in Genpact Ltd stocks on 2024-11-29, growing by 0.81 million shares to a total of 6.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.2 million shares. There was a rise of 13.53%, which implies that there is a positive sentiment for the stock.
