General Dynamics Corp.’s recent filing unveils that 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 $22.94 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 $4.81 million.
Deutsche Bank downgraded its General Dynamics Corp. [GD] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Jefferies also remained covering GD and has increased its forecast on April 29, 2024 with a “Buy” recommendation from previously “Hold” rating. Alembic Global Advisors revised its rating on January 29, 2024. It rated GD as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of GD
On Monday, General Dynamics Corp. [NYSE:GD] saw its stock fall -0.31% to $289.49. Over the last five days, the stock has lost -0.59%. General Dynamics Corp. shares have risen nearly 11.48% since the year began. Nevertheless, the stocks have risen 31.69% over the past one year. While a 52-week high of $302.75 was reached on 06/24/24, a 52-week low of $214.53 was recorded on 01/18/24. SMA at 50 days reached $292.68, while 200 days put it at $271.52. A total of 1.08 million shares were traded, compared to the trading of 1.08 million shares in the previous session.
Levels Of Support And Resistance For GD Stock
The 24-hour chart illustrates a support level at 288.23, which if violated will result in even more drops to 286.96. On the upside, there is a resistance level at 290.90. A further resistance level may holdings at 292.30. The Relative Strength Index (RSI) on the 14-day chart is 49.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.54%. Stochastics%K at 69.59% indicates the stock is a holding.
The most recent change occurred on October 11, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $265 price target.
