General Dynamics Corp.’s filing revealed that its Chairman and CEO NOVAKOVIC PHEBE N unloaded Company’s shares for reported $8.55 million on Jan 29 ’24. In the deal valued at $264.31 per share,32,355 shares were sold. As a result of this transaction, NOVAKOVIC PHEBE N now holds 773,977 shares worth roughly $222.8 million.
Then, Roualet Mark C. sold 73,330 shares, generating $19,414,094 in total proceeds. Upon selling the shares at $264.75, the Executive Vice President now owns 149,205 shares.
Before that, Gallopoulos Gregory S sold 33,200 shares. General Dynamics Corp. shares valued at $7,913,948 were divested by the Senior VP, Gen. Counsel, Sec. at a price of $238.37 per share. As a result of the transaction, Gallopoulos Gregory S now holds 113,319 shares, worth roughly $32.62 million.
Alembic Global Advisors downgraded its General Dynamics Corp. [GD] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Deutsche Bank began covering GD with “Buy” recommendation on September 28, 2023. William Blair started covering the stock on March 30, 2023. It rated GD as “an Outperform”.
Price Performance Review of GD
On Friday, General Dynamics Corp. [NYSE:GD] saw its stock jump 0.13% to $287.87. Over the last five days, the stock has lost -2.48%. General Dynamics Corp. shares have risen nearly 10.86% since the year began. Nevertheless, the stocks have risen 25.58% over the past one year. While a 52-week high of $296.50 was reached on 04/08/24, a 52-week low of $202.35 was recorded on 01/18/24. SMA at 50 days reached $276.94, while 200 days put it at $245.85. A total of 1.28 million shares were traded, compared to the trading of 0.71 million shares in the previous session.
Levels Of Support And Resistance For GD Stock
The 24-hour chart illustrates a support level at 286.19, which if violated will result in even more drops to 284.51. On the upside, there is a resistance level at 290.15. A further resistance level may holdings at 292.43. The Relative Strength Index (RSI) on the 14-day chart is 58.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.55%. Stochastics %K at 55.76% indicates the stock is a holding.
The most recent change occurred on December 08, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $298 price target.
