Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Genuine Parts Co shares valued at $194,213 were purchased by WENDY B NEEDHAM on Dec 13 ’24. At $120.78 per share, WENDY B NEEDHAM acquired 1,608 shares.
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Also, NEEDHAM WENDY B sold 1,608 shares, netting a total of over 194,214 in proceeds. Following the sale of shares at $120.78 each, the insider now holds 11,357 shares.
Before that, BREAUX RANDALL P had added 750 shares to its account. In a trade valued at $100,238, the Group President, GPC N.A. bought Genuine Parts Co shares for $133.65 each. Upon closing the transaction, the insider’s holdings increased to 750 shares, worth approximately $4.07 million.
As published in their initiating research note from UBS on October 12, 2023, Genuine Parts Co [GPC] has been a Neutral and the price target has been revised to $160. Analysts at Northcoast started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of June 01, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for GPC. Earlier on May 02, 2023, Goldman upgraded its rating. Their new recommendation was “a Neutral” for GPC stock which previously was a “a Sell”.
Analyzing GPC Stock Performance
During the last five days, there has been a drop of approximately -6.02%. Over the course of the year, Genuine Parts Co shares have dropped approximately -16.54%. Shares of the company reached a 52-week high of $164.45 on 04/18/24 and a 52-week low of $112.74 on 10/22/24. A 50-day SMA is recorded $124.69, while a 200-day SMA reached $139.77. Nevertheless, trading volume fell to 1.28 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for Genuine Parts Co (GPC)
According to the 24-hour chart, there is a support level at 114.18, which, if violated, would cause prices to drop to 112.77. In the upper region, resistance lies at 118.35. The next price resistance is at 121.11. RSI (Relative Strength Index) is 31.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.70, which suggests the price will decrease in the coming days. Percent R is at 99.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
