General Motors Company’s recently made public that its Executive Vice President & GC Glidden Craig B. unloaded Company’s shares for reported $2.27 million on Mar 28 ’24. In the deal valued at $45.24 per share,50,280 shares were sold. As a result of this transaction, Glidden Craig B. now holds 174,046 shares worth roughly $7.84 million.
Then, Johnson Gerald sold 27,122 shares, generating $1,227,542 in total proceeds. Upon selling the shares at $45.26, the Executive Vice President now owns 71,506 shares.
Before that, Hatto Christopher sold 3,500 shares. General Motors Company shares valued at $157,500 were divested by the Vice President & CAO at a price of $45.00 per share. As a result of the transaction, Hatto Christopher now holds 12,007 shares, worth roughly $0.54 million.
Bernstein initiated its General Motors Company [GM] rating to an Outperform in a research note published on April 25, 2024; the price target was $55. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid March with a ‘”a Neutral”‘ rating. Redburn Atlantic began covering GM with “Neutral” recommendation on January 24, 2024. Wolfe Research revised its rating on January 04, 2024. It rated GM as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of GM
On Monday, General Motors Company [NYSE:GM] saw its stock jump 0.45% to $45.06. Over the last five days, the stock has lost -2.13%. General Motors Company shares have risen nearly 25.45% since the year began. Nevertheless, the stocks have risen 42.19% over the past one year. While a 52-week high of $46.17 was reached on 04/26/24, a 52-week low of $26.30 was recorded on 01/18/24. SMA at 50 days reached $42.84, while 200 days put it at $35.93. A total of 10.3 million shares were traded, compared to the trading of 10.05 million shares in the previous session.
Levels Of Support And Resistance For GM Stock
The 24-hour chart illustrates a support level at 44.83, which if violated will result in even more drops to 44.61. On the upside, there is a resistance level at 45.41. A further resistance level may holdings at 45.77. The Relative Strength Index (RSI) on the 14-day chart is 59.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.59%. Stochastics %K at 68.67% indicates the stock is a holding.
