Genuine Parts Co’s recently made public that its Board Member WENDY B NEEDHAM acquired Company’s shares for reported $0.5 million on Mar 05 ’25. In the deal valued at $123.28 per share,4,024 shares were bought.
Then, NEEDHAM WENDY B sold 4,024 shares, generating $496,079 in total proceeds. Upon selling the shares at $123.28, the Director now owns 7,333 shares.
Before that, WENDY B NEEDHAM bought 1,608 shares. Genuine Parts Co shares valued at $194,213 were divested by the Director at a price of $120.78 per share.
Evercore ISI upgraded its Genuine Parts Co [GPC] rating to an Outperform from a an In-line in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early April from “a Neutral” to “a Sell”. Northcoast also remained covering GPC and has decreased its forecast on January 17, 2025 with a “Neutral” recommendation from previously “Buy” rating. Loop Capital started covering the stock on January 16, 2025. It rated GPC as “a Buy”.
Price Performance Review of GPC
On Tuesday, Genuine Parts Co [NYSE:GPC] saw its stock fall -4.35% to $105.54. Over the last five days, the stock has lost -10.90%. Genuine Parts Co shares have fallen nearly -9.61% since the year began. Nevertheless, the stocks have fallen -29.64% over the past one year. While a 52-week high of $164.45 was reached on 03/10/25, a 52-week low of $108.86 was recorded on 04/08/25. SMA at 50 days reached $120.54, while 200 days put it at $128.09.
Levels Of Support And Resistance For GPC Stock
The 24-hour chart illustrates a support level at 102.04, which if violated will result in even more drops to 98.55. On the upside, there is a resistance level at 111.61. A further resistance level may holdings at 117.69. The Relative Strength Index (RSI) on the 14-day chart is 26.67, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.45%. Stochastics %K at 8.06% indicates the stock is a buying.
How much short interest is there in Genuine Parts Co?
A steep rise in short interest was recorded in Genuine Parts Co stocks on 2025-03-14, dropping by 83879.0 shares to a total of 4.43 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 4.52 million shares. There was a decline of -1.89%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 12, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $160 price target.
