Genpact Ltd’s recent filing unveils that 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 $11.4 million.
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 $11.4 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 Monday, Genpact Ltd [NYSE:G] saw its stock fall -0.63% to $42.64. Over the last five days, the stock has gained 1.07%. Genpact Ltd shares have risen nearly 22.85% since the year began. Nevertheless, the stocks have risen 23.20% 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 $42.98, while 200 days put it at $36.66.
Levels Of Support And Resistance For G Stock
The 24-hour chart illustrates a support level at 42.20, which if violated will result in even more drops to 41.77. On the upside, there is a resistance level at 42.95. A further resistance level may holdings at 43.27. The Relative Strength Index (RSI) on the 14-day chart is 41.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.39%. Stochastics %K at 29.70% 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 2024-12-13, dropping by -0.44 million shares to a total of 5.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.94 million shares. There was a decline of -7.92%, which implies that there is a negative sentiment for the stock.
