General Motors Company’s recently made public that its Chair & CEO Barra Mary T unloaded Company’s shares for reported $27.22 million on May 28 ’24. In the deal valued at $43.46 per share,626,316 shares were sold. As a result of this transaction, Barra Mary T now holds 1,198,648 shares worth roughly $54.83 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Reuss Mark L sold 150,000 shares, generating $6,516,000 in total proceeds. Upon selling the shares at $43.44, the President now owns 176,907 shares.
Before that, Glidden Craig B. sold 50,280 shares. General Motors Company shares valued at $2,274,667 were divested by the Executive Vice President & GC at a price of $45.24 per share. As a result of the transaction, Glidden Craig B. now holds 174,046 shares, worth roughly $7.96 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 1.67% to $45.74. Over the last five days, the stock has gained 3.70%. General Motors Company shares have risen nearly 27.34% since the year began. Nevertheless, the stocks have risen 38.52% 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 $44.42, while 200 days put it at $36.70. A total of 15.69 million shares were traded, compared to the trading of 32.67 million shares in the previous session.
Levels Of Support And Resistance For GM Stock
The 24-hour chart illustrates a support level at 45.15, which if violated will result in even more drops to 44.55. On the upside, there is a resistance level at 46.15. A further resistance level may holdings at 46.55. The Relative Strength Index (RSI) on the 14-day chart is 59.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.28%. Stochastics %K at 63.88% indicates the stock is a holding.
