General Motors Company’s recently made public that its Chair & CEO Barra Mary T unloaded Company’s shares for reported $15.77 million on Jun 11 ’24. In the deal valued at $48.33 per share,326,305 shares were sold. As a result of this transaction, Barra Mary T now holds 898,648 shares worth roughly $41.75 million.
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Then, Barra Mary T sold 300,000 shares, generating $14,100,000 in total proceeds. Upon selling the shares at $47.00, the Chair & CEO now owns 898,648 shares.
Before that, Reuss Mark L sold 35,142 shares. General Motors Company shares valued at $1,628,480 were divested by the President at a price of $46.34 per share. As a result of the transaction, Reuss Mark L now holds 126,907 shares, worth roughly $5.9 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 Friday, General Motors Company [NYSE:GM] saw its stock jump 1.93% to $46.46. Over the last five days, the stock has lost -2.64%. General Motors Company shares have risen nearly 29.34% since the year began. Nevertheless, the stocks have risen 21.65% over the past one year. While a 52-week high of $49.35 was reached on 06/12/24, a 52-week low of $26.30 was recorded on 01/18/24. SMA at 50 days reached $45.46, while 200 days put it at $37.94. A total of 14.63 million shares were traded, compared to the trading of 10.41 million shares in the previous session.
Levels Of Support And Resistance For GM Stock
The 24-hour chart illustrates a support level at 46.07, which if violated will result in even more drops to 45.67. On the upside, there is a resistance level at 46.76. A further resistance level may holdings at 47.05. The Relative Strength Index (RSI) on the 14-day chart is 51.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.36%. Stochastics%K at 17.18% indicates the stock is a buying.
