Shares of Gentex Corporation (GNTX) Rally 4.35%

Gentex Corporation (GNTX) has been under a strong bear grip, hence the stock is down -2.74% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.81% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.35% in the last 1 week, and is up 1.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.6% and the 50-Day Moving Average is 1.59%.

Gentex Corporation (NASDAQ:GNTX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.03 and $15.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.09, notching a gain of 0.06% for the day. The total traded volume was 1,473,420 . The stock had closed at $16.08 on the previous day.


The company Insiders own 2.9% of Gentex Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.34% . Institutional Investors own 87.95% of Gentex Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -9.34%. In a related news,The (Chairman of the Board & CEO) of Gentex Corp, Bauer Fred sold 351,700 shares at $16.45 on June 7, 2016. The Insider selling transaction had a total value worth of $5,785,465. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Companys business involves designing, developing, manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. It also designs, develops and manufactures various electronics features that are additive to the interior and exterior automotive rearview mirrors as well as interior visors and overhead consoles. The Company ships its product to all of the automotive producing regions across the world.

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