Garrett Motion Inc’s recent filing unveils that its Director Steyn Julia unloaded Company’s shares for reported $0.12 million on Jul 31 ’24. In the deal valued at $8.77 per share,14,000 shares were sold. As a result of this transaction, Steyn Julia now holds 53,781 shares worth roughly $0.44 million.
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Then, JULIA STEYN bought 14,000 shares, generating $122,795 in total proceeds.
Before that, CYRUS CAPITAL PARTNERS, L.P. sold 3,779 shares. Garrett Motion Inc shares valued at $37,830 were divested by the 10% Owner at a price of $10.01 per share. As a result of the transaction, CYRUS CAPITAL PARTNERS, L.P. now holds 27,337,398 shares, worth roughly $224.17 million.
BWS Financial initiated its Garrett Motion Inc [GTX] rating to a Buy in a research note published on June 03, 2021; the price target was $15.
Price Performance Review of GTX
On Friday, Garrett Motion Inc [NASDAQ:GTX] saw its stock jump 2.12% to $8.20. Over the last five days, the stock has gained 1.99%. Garrett Motion Inc shares have fallen nearly -15.20% since the year began. Nevertheless, the stocks have risen 9.04% over the past one year. While a 52-week high of $10.16 was reached on 03/25/24, a 52-week low of $6.43 was recorded on 09/11/24. SMA at 50 days reached $8.08, while 200 days put it at $8.91.
Levels Of Support And Resistance For GTX Stock
The 24-hour chart illustrates a support level at 8.12, which if violated will result in even more drops to 8.04. On the upside, there is a resistance level at 8.26. A further resistance level may holdings at 8.32. The Relative Strength Index (RSI) on the 14-day chart is 54.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.72%. Stochastics %K at 34.84% indicates the stock is a holding.
How much short interest is there in Garrett Motion Inc?
A steep rise in short interest was recorded in Garrett Motion Inc stocks on 2024-09-30, dropping by -0.48 million shares to a total of 6.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.37 million shares. There was a decline of -7.03%, which implies that there is a negative sentiment for the stock.
