General Dynamics Corp.’s recently made public 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 $23.73 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 $4.98 million.
Morgan Stanley upgraded its General Dynamics Corp. [GD] rating to an Overweight from a an Equal-weight in a research note published on August 09, 2024; the price target was increased to $345 from $293. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Hold”. BTIG Research began covering GD with “Buy” recommendation on June 26, 2024. Jefferies revised its rating on April 29, 2024. It rated GD as “a Buy” which previously was an “a Hold”.
Price Performance Review of GD
On Friday, General Dynamics Corp. [NYSE:GD] saw its stock jump 0.51% to $299.36. Over the last five days, the stock has gained 2.71%. General Dynamics Corp. shares have risen nearly 15.28% since the year began. Nevertheless, the stocks have risen 31.74% 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 $290.92, while 200 days put it at $277.83.
Levels Of Support And Resistance For GD Stock
The 24-hour chart illustrates a support level at 296.47, which if violated will result in even more drops to 293.57. On the upside, there is a resistance level at 300.97. A further resistance level may holdings at 302.57. The Relative Strength Index (RSI) on the 14-day chart is 61.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.92%. Stochastics %K at 83.90% indicates the stock is a selling.
How much short interest is there in General Dynamics Corp.?
A steep rise in short interest was recorded in General Dynamics Corp. stocks on 2024-08-15, growing by 0.2 million shares to a total of 1.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.71 million shares. There was a rise of 10.68%, which implies that there is a positive sentiment for the stock.
