The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. General Dynamics Corp. shares valued at $740,160 were sold by DE LEON RUDY F on May 03 ’24. At $288.00 per share, DE LEON RUDY F sold 2,570 shares. The insider’s holdings dropped to 5,518 shares worth approximately $1.62 million following the completion of this transaction.
Also, Gilliland Marguerite Amy sold 5,116 shares, netting a total of over 1,463,381 in proceeds. Following the sale of shares at $286.04 each, the insider now holds 43,772 shares.
Before that, Gilliland Marguerite Amy had sold 3,986 shares from its account. In a trade valued at $1,145,078, the Senior Vice President traded General Dynamics Corp. shares for $287.27 each. Upon closing the transaction, the insider’s holdings decreased to 3,986 shares, worth approximately $14.31 million.
As published in a research note from Jefferies on April 29, 2024, General Dynamics Corp. [GD] has been rated up from a Hold to a Buy and the price target has been revised to $335 from $305. Analysts at Alembic Global Advisors downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of October 11, 2023, UBS has initiated its “Neutral” rating for GD. Earlier on September 28, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for GD stock.
Analyzing GD Stock Performance
During the last five days, there has been a surge of approximately 2.17%. Over the course of the year, General Dynamics Corp. shares have jumped approximately 12.74%. Shares of the company reached a 52-week high of $296.50 on 04/08/24 and a 52-week low of $247.36 on 01/18/24. A 50-day SMA is recorded $283.43, while a 200-day SMA reached $252.36. Nevertheless, trading volume fell to 1.01 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for General Dynamics Corp. (GD)
According to the 24-hour chart, there is a support level at 291.69, which, if violated, would cause prices to drop to 290.64. In the upper region, resistance lies at 293.93. The next price resistance is at 295.12. RSI (Relative Strength Index) is 60.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.11, which suggests the price will increase in the coming days. Percent R is at 9.59%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
