General Dynamics Corp.’s filing revealed that its Senior Vice President Gilliland Marguerite Amy unloaded Company’s shares for reported $1.46 million on May 02 ’24. In the deal valued at $286.04 per share,5,116 shares were sold. As a result of this transaction, Gilliland Marguerite Amy now holds 43,772 shares worth roughly $12.61 million.
Then, Gilliland Marguerite Amy sold 3,986 shares, generating $1,145,078 in total proceeds. Upon selling the shares at $287.27, the Senior Vice President now owns 48,888 shares.
Before that, Gallopoulos Gregory S sold 13,567 shares. General Dynamics Corp. shares valued at $3,914,229 were divested by the Senior VP, Gen. Counsel, Sec. at a price of $288.51 per share. As a result of the transaction, Gallopoulos Gregory S now holds 103,345 shares, worth roughly $29.78 million.
Jefferies upgraded its General Dynamics Corp. [GD] rating to a Buy from a a Hold in a research note published on April 29, 2024; the price target was increased to $335 from $305. A number of analysts have revised their coverage, including Alembic Global Advisors’s analysts, who decreased its forecast for the stock in late January from “an Overweight” to “a Neutral”. UBS began covering GD with “Neutral” recommendation on October 11, 2023. Deutsche Bank started covering the stock on September 28, 2023. It rated GD as “a Buy”.
Price Performance Review of GD
On Friday, General Dynamics Corp. [NYSE:GD] saw its stock jump 0.27% to $288.14. Over the last five days, the stock has gained 1.31%. General Dynamics Corp. shares have risen nearly 10.96% since the year began. Nevertheless, the stocks have risen 37.20% 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 $282.29, while 200 days put it at $251.22. A total of 0.97 million shares were traded, compared to the trading of 1.13 million shares in the previous session.
Levels Of Support And Resistance For GD Stock
The 24-hour chart illustrates a support level at 286.43, which if violated will result in even more drops to 284.71. On the upside, there is a resistance level at 289.43. A further resistance level may holdings at 290.71. The Relative Strength Index (RSI) on the 14-day chart is 54.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.16%. Stochastics %K at 63.93% indicates the stock is a holding.
The most recent change occurred on March 30, 2023 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating .
