General Motors Company’s filing revealed that its Executive Vice President & CFO Jacobson Paul A acquired Company’s shares for reported $1.1 million on Jul 26 ’24. In the deal valued at $44.11 per share,25,000 shares were bought. As a result of this transaction, Jacobson Paul A now holds 261,872 shares worth roughly $10.46 million.
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Then, Barra Mary T sold 326,305 shares, generating $15,770,321 in total proceeds. Upon selling the shares at $48.33, the Chair & CEO now owns 898,648 shares.
Before that, Barra Mary T sold 300,000 shares. General Motors Company shares valued at $14,100,000 were divested by the Chair & CEO at a price of $47.00 per share. As a result of the transaction, Barra Mary T now holds 898,648 shares, worth roughly $35.9 million.
Nomura downgraded its General Motors Company [GM] rating to a Reduce from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late July from “an Overweight” to “an Equal-weight”. Bernstein began covering GM with “an Outperform” recommendation on April 25, 2024. Piper Sandler started covering the stock on March 15, 2024. It rated GM as “a Neutral”.
Price Performance Review of GM
On Monday, General Motors Company [NYSE:GM] saw its stock fall -2.96% to $39.95. Over the last five days, the stock has lost -9.51%. General Motors Company shares have risen nearly 11.22% since the year began. Nevertheless, the stocks have risen 8.21% over the past one year. While a 52-week high of $50.50 was reached on 07/18/24, a 52-week low of $26.30 was recorded on 01/18/24. SMA at 50 days reached $46.19, while 200 days put it at $39.72. A total of 23.74 million shares were traded, compared to the trading of 21.11 million shares in the previous session.
Levels Of Support And Resistance For GM Stock
The 24-hour chart illustrates a support level at 39.17, which if violated will result in even more drops to 38.40. On the upside, there is a resistance level at 40.51. A further resistance level may holdings at 41.08. The Relative Strength Index (RSI) on the 14-day chart is 23.83, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.42%. Stochastics%K at 4.64% indicates the stock is a buying.
The most recent change occurred on January 24, 2024 when Redburn Atlantic began covering the stock and recommended ‘”a Neutral”‘ rating along with a $40 price target.
