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. Gen Digital Inc shares valued at $1,476,601 were sold by KO BRYAN SEUK on Nov 26 ’24. At $30.58 per share, KO BRYAN SEUK sold 48,290 shares. The insider’s holdings dropped to 504,500 shares worth approximately $14.06 million following the completion of this transaction.
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Also, BRYAN S KO purchased 48,290 shares, netting a total of over 1,476,600 in proceeds.
Before that, Pilette Vincent had sold 178,801 shares from its account. In a trade valued at $4,565,862, the CEO & President traded Gen Digital Inc shares for $25.54 each. Upon closing the transaction, the insider’s holdings decreased to 178,801 shares, worth approximately $47.91 million.
As published in their initiating research note from UBS on December 04, 2024, Gen Digital Inc [GEN] has been a Buy and the price target has been revised to $36. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late October. As of June 07, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for GEN. Earlier on April 11, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for GEN stock which previously was a “an Overweight”.
Analyzing GEN Stock Performance
During the last five days, there has been a surge of approximately 0.47%. Over the course of the year, Gen Digital Inc shares have jumped approximately 22.09%. Shares of the company reached a 52-week high of $31.72 on 12/04/24 and a 52-week low of $19.08 on 02/02/24. A 50-day SMA is recorded $29.10, while a 200-day SMA reached $25.52. Nevertheless, trading volume fell to 1.43 million shares from 3.01 million shares the previous day.
Support And Resistance Levels for Gen Digital Inc (GEN)
According to the 24-hour chart, there is a support level at 27.72, which, if violated, would cause prices to drop to 27.58. In the upper region, resistance lies at 27.96. The next price resistance is at 28.06. RSI (Relative Strength Index) is 35.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.25, which suggests the price will decrease in the coming days. Percent R is at 85.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
