Garrett Motion Inc’s recent filing unveils that its 10% Owner CYRUS CAPITAL PARTNERS, L.P. unloaded Company’s shares for reported $2.72 million on Apr 09 ’24. In the deal valued at $9.99 per share,271,889 shares were sold. As a result of this transaction, CYRUS CAPITAL PARTNERS, L.P. now holds 27,341,177 shares worth roughly $259.47 million.
Then, CYRUS CAPITAL PARTNERS, L.P. sold 58,306 shares, generating $580,634 in total proceeds. Upon selling the shares at $9.96, the 10% Owner now owns 27,613,066 shares.
Before that, CYRUS CAPITAL PARTNERS, L.P. sold 163,027 shares. Garrett Motion Inc shares valued at $1,631,004 were divested by the 10% Owner at a price of $10.00 per share. As a result of the transaction, CYRUS CAPITAL PARTNERS, L.P. now holds 27,671,372 shares, worth roughly $262.6 million.
BWS Financial initiated its Garrett Motion Inc [GTX] rating to a Buy in a research note published on June 03, 2021; the price target was $15.
Price Performance Review of GTX
On Friday, Garrett Motion Inc [NASDAQ:GTX] saw its stock fall -2.77% to $9.49. Over the last five days, the stock has lost -3.46%. Garrett Motion Inc shares have fallen nearly -1.86% since the year began. Nevertheless, the stocks have risen 17.45% over the past one year. While a 52-week high of $10.16 was reached on 03/25/24, a 52-week low of $6.43 was recorded on 02/06/24. SMA at 50 days reached $9.66, while 200 days put it at $8.42. A total of 0.96 million shares were traded, compared to the trading of 0.78 million shares in the previous session.
Levels Of Support And Resistance For GTX Stock
The 24-hour chart illustrates a support level at 9.33, which if violated will result in even more drops to 9.16. On the upside, there is a resistance level at 9.74. A further resistance level may holdings at 9.98. The Relative Strength Index (RSI) on the 14-day chart is 46.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.49%. Stochastics %K at 63.21% indicates the stock is a holding.
