Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $1.06 million following the completion of this transaction.
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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 $23.46 million.
As published in a research note from Wells Fargo on October 01, 2024, General Dynamics Corp. [GD] has been rated down from an Overweight to an Equal weight and the price target has been revised to $317 from $334. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early August. As of July 29, 2024, Deutsche Bank has decreased its “Buy” rating to a “Hold” for GD. Earlier on June 26, 2024, BTIG Research initiated its rating. Their recommendation was “a Buy” for GD stock.
Analyzing GD Stock Performance
During the last five days, there has been a drop of approximately -1.19%. Over the course of the year, General Dynamics Corp. shares have jumped approximately 14.01%. 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 $297.45, while a 200-day SMA reached $285.03. Nevertheless, trading volume fell to 0.87 million shares from 0.73 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 294.51, which, if violated, would cause prices to drop to 292.97. In the upper region, resistance lies at 298.10. The next price resistance is at 300.16. RSI (Relative Strength Index) is 43.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.91, which suggests the price will decrease in the coming days. Percent R is at 89.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
