Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. General Dynamics Corp. shares valued at $406,626 were sold by Wall Peter A on Sep 16 ’24. At $308.05 per share, Wall Peter A sold 1,320 shares. The insider’s holdings dropped to 3,592 shares worth approximately $1.09 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Wall Peter A purchased 1,320 shares, netting a total of over 406,626 in proceeds.
Before that, Kuryea Kimberly A had sold 13,344 shares from its account. In a trade valued at $3,978,624, the Senior Vice President & CFO traded General Dynamics Corp. shares for $298.16 each. Upon closing the transaction, the insider’s holdings decreased to 13,344 shares, worth approximately $23.97 million.
As published in a research note from Morgan Stanley on August 09, 2024, General Dynamics Corp. [GD] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $345 from $293. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late July. As of June 26, 2024, BTIG Research has initiated its “Buy” rating for GD. Earlier on April 29, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for GD stock which previously was a “a Hold”.
Analyzing GD Stock Performance
During the last five days, there has been a surge of approximately 0.93%. Over the course of the year, General Dynamics Corp. shares have jumped approximately 16.45%. Shares of the company reached a 52-week high of $309.97 on 09/16/24 and a 52-week low of $247.36 on 01/18/24. A 50-day SMA is recorded $293.57, while a 200-day SMA reached $281.07. Nevertheless, trading volume fell to 1.12 million shares from 1.05 million shares the previous day.
Support And Resistance Levels for General Dynamics Corp. (GD)
According to the 24-hour chart, there is a support level at 300.39, which, if violated, would cause prices to drop to 298.39. In the upper region, resistance lies at 305.64. The next price resistance is at 308.89. RSI (Relative Strength Index) is 56.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.64, which suggests the price will increase in the coming days. Percent R is at 42.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
#####
#####
