Gen Digital's stocks have been noted to show a
rising relative price strength. After a 3% increase in
Gen Digital (NASDAQ:GEN) shares, speculation ensues as to what may happen next. The shares of
Gen Digital Inc are among the best for
software infrastructure, according to analysts. Meanwhile, insiders at Gen Digital sold US$8.7m in stock, sparking talk of potential weakness. However, in other news,
Gen Digital is planning a proposed acquisition of
MoneyLion. Addtionally, Gen Digital, whose stock is trading 2.66% higher on Mar 17, has made a strategic $1.1B debt move via new senior note offerings. Investors find this affordable tech stocks of Gen Digital to be a good investment, especially when the stock is outperforming Dow and giving an ROE of 30%. All these strategic moves including
Gen Digital's acquisition of
MoneyLion for $1 billion is helping it secure a steady market position.
MoneyLion soared after this acquisition was proposed, and
Gen Digital's revenue topped estimates in recent analysis. The fintech addition of
MoneyLion has boosted
Gen Digital's position and diversified its products.
Gen Digital Stocks GEN News Analytics from Mon, 07 Nov 2022 08:00:00 GMT to Sat, 22 Mar 2025 06:29:45 GMT -
Rating 4
- Innovation 5
- Information 5
- Rumor -3
