In a filing, Garrett Motion Inc revealed its 10% Owner Centerbridge Special Credit Pa unloaded Company’s shares for reported $1.14 million on May 16 ’24. In the deal valued at $9.56 per share,119,279 shares were sold. As a result of this transaction, Centerbridge Special Credit Pa now holds 26,821,690 shares worth roughly $223.96 million.
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Then, CYRUS CAPITAL PARTNERS, L.P. sold 271,889 shares, generating $2,717,286 in total proceeds. Upon selling the shares at $9.99, the 10% Owner now owns 27,341,177 shares.
Before that, CYRUS CAPITAL PARTNERS, L.P. sold 58,306 shares. Garrett Motion Inc shares valued at $580,634 were divested by the 10% Owner at a price of $9.96 per share. As a result of the transaction, CYRUS CAPITAL PARTNERS, L.P. now holds 27,613,066 shares, worth roughly $230.57 million.
BWS Financial initiated its Garrett Motion Inc [GTX] rating to a Buy in a research note published on June 03, 2021; the price target was $15.
Price Performance Review of GTX
On Friday, Garrett Motion Inc [NASDAQ:GTX] saw its stock fall -0.83% to $8.35. Over the last five days, the stock has lost -3.02%. Garrett Motion Inc shares have fallen nearly -13.65% since the year began. Nevertheless, the stocks have risen 9.29% over the past one year. While a 52-week high of $10.16 was reached on 03/25/24, a 52-week low of $6.43 was recorded on 02/06/24. SMA at 50 days reached $9.20, while 200 days put it at $8.63. A total of 1.7 million shares were traded, compared to the trading of 0.82 million shares in the previous session.
Levels Of Support And Resistance For GTX Stock
The 24-hour chart illustrates a support level at 8.29, which if violated will result in even more drops to 8.22. On the upside, there is a resistance level at 8.45. A further resistance level may holdings at 8.54. The Relative Strength Index (RSI) on the 14-day chart is 30.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.16%. Stochastics %K at 3.96% indicates the stock is a buying.
