Gen Digital Inc’s filing revealed that its CLO & Head Corp Aff KO BRYAN SEUK unloaded Company’s shares for reported $1.48 million on Nov 26 ’24. In the deal valued at $30.58 per share,48,290 shares were sold. As a result of this transaction, KO BRYAN SEUK now holds 504,500 shares worth roughly $13.61 million.
Then, BRYAN S KO bought 48,290 shares, generating $1,476,600 in total proceeds.
Before that, Pilette Vincent sold 178,801 shares. Gen Digital Inc shares valued at $4,565,862 were divested by the CEO & President at a price of $25.54 per share. As a result of the transaction, Pilette Vincent now holds 1,719,658 shares, worth roughly $46.4 million.
UBS initiated its Gen Digital Inc [GEN] rating to a Buy in a research note published on December 04, 2024; the price target was $36. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late October with a ‘”an Overweight”‘ rating. Morgan Stanley also remained covering GEN and has decreased its forecast on June 07, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Barclays revised its rating on April 11, 2024. It rated GEN as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of GEN
On Tuesday, Gen Digital Inc [NASDAQ:GEN] saw its stock fall -1.64% to $26.98. Over the last five days, the stock has lost -1.46%. Gen Digital Inc shares have fallen nearly -1.46% since the year began. Nevertheless, the stocks have risen 20.45% over the past one year. While a 52-week high of $31.72 was reached on 01/06/25, a 52-week low of $19.08 was recorded on 01/07/25. SMA at 50 days reached $29.12, while 200 days put it at $25.72.
Levels Of Support And Resistance For GEN Stock
The 24-hour chart illustrates a support level at 26.72, which if violated will result in even more drops to 26.46. On the upside, there is a resistance level at 27.38. A further resistance level may holdings at 27.77. The Relative Strength Index (RSI) on the 14-day chart is 28.87, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.77%. Stochastics %K at 10.94% indicates the stock is a buying.
How much short interest is there in Gen Digital Inc?
A steep rise in short interest was recorded in Gen Digital Inc stocks on 2024-12-13, dropping by -0.33 million shares to a total of 11.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 11.92 million shares. There was a decline of -2.86%, which implies that there is a negative sentiment for the stock.
