Genesco Inc’s filing revealed that its Retired Officer GEORGE THOMAS acquired Company’s shares for reported $1.08 million on Jan 23 ’25. In the deal valued at $42.84 per share,25,184 shares were bought.
Then, GEORGE THOMAS bought 22,576 shares, generating $911,201 in total proceeds.
Before that, Ewoldsen Daniel E sold 4,000 shares. Genesco Inc shares valued at $170,720 were divested by the Senior VP at a price of $42.68 per share. As a result of the transaction, Ewoldsen Daniel E now holds 41,358 shares, worth roughly $0.83 million.
B. Riley Securities downgraded its Genesco Inc [GCO] rating to a Neutral from a a Buy in a research note published on March 05, 2024; the price target was decreased to $31 from $43. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Seaport Research Partners also remained covering GCO and has decreased its forecast on December 04, 2023 with a “Neutral” recommendation from previously “Buy” rating. Seaport Research Partners revised its rating on March 28, 2023. It rated GCO as “a Buy” which previously was an “a Neutral”.
Price Performance Review of GCO
On Tuesday, Genesco Inc [NYSE:GCO] saw its stock fall -10.40% to $20.17. Over the last five days, the stock has lost -38.82%. Genesco Inc shares have fallen nearly -52.82% since the year began. Nevertheless, the stocks have fallen -31.09% over the past one year. While a 52-week high of $44.80 was reached on 01/24/25, a 52-week low of $21.93 was recorded on 03/11/25. SMA at 50 days reached $39.03, while 200 days put it at $31.69.
Levels Of Support And Resistance For GCO Stock
The 24-hour chart illustrates a support level at 19.40, which if violated will result in even more drops to 18.62. On the upside, there is a resistance level at 21.67. A further resistance level may holdings at 23.16. The Relative Strength Index (RSI) on the 14-day chart is 11.54, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.76%. Stochastics %K at 7.32% indicates the stock is a buying.
