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General Dynamics Corp. (GD) receives a Buy rating from Jefferies

In a filing, General Dynamics Corp. revealed its Senior Vice President & CFO Kuryea Kimberly A unloaded Company’s shares for reported $3.98 million on May 21 ’24. In the deal valued at $298.16 per share,13,344 shares were sold. As a result of this transaction, Kuryea Kimberly A now holds 79,255 shares worth roughly $23.35 million.

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Then, Burns Mark Lagrand sold 12,089 shares, generating $3,585,477 in total proceeds. Upon selling the shares at $296.59, the Vice President now owns 64,132 shares.

Before that, Moss William A sold 21,050 shares. General Dynamics Corp. shares valued at $6,206,520 were divested by the Vice President and Controller at a price of $294.85 per share. As a result of the transaction, Moss William A now holds 16,624 shares, worth roughly $4.9 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 Monday, General Dynamics Corp. [NYSE:GD] saw its stock fall -1.49% to $294.68. Over the last five days, the stock has lost -1.20%. General Dynamics Corp. shares have risen nearly 13.48% since the year began. Nevertheless, the stocks have risen 38.00% over the past one year. While a 52-week high of $302.42 was reached on 06/03/24, a 52-week low of $209.25 was recorded on 01/18/24. SMA at 50 days reached $292.43, while 200 days put it at $260.38. A total of 1.01 million shares were traded, compared to the trading of 0.68 million shares in the previous session.

Levels Of Support And Resistance For GD Stock

The 24-hour chart illustrates a support level at 292.36, which if violated will result in even more drops to 290.04. On the upside, there is a resistance level at 298.50. A further resistance level may holdings at 302.32. The Relative Strength Index (RSI) on the 14-day chart is 48.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.41%. Stochastics %K at 44.86% 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.

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