General Dynamics Corp.’s recently made public that its Director Wall Peter A unloaded Company’s shares for reported $0.41 million on Sep 16 ’24. In the deal valued at $308.05 per share,1,320 shares were sold. As a result of this transaction, Wall Peter A now holds 3,592 shares worth roughly $-1.08 million.
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Then, Wall Peter A bought 1,320 shares, generating $406,626 in total proceeds.
Before that, Kuryea Kimberly A sold 13,344 shares. General Dynamics Corp. shares valued at $3,978,624 were divested by the Senior Vice President & CFO at a price of $298.16 per share. As a result of the transaction, Kuryea Kimberly A now holds 79,255 shares, worth roughly $23.92 million.
Seaport Research Partners downgraded its General Dynamics Corp. [GD] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal weight”. Morgan Stanley also remained covering GD and has increased its forecast on August 09, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Deutsche Bank revised its rating on July 29, 2024. It rated GD as “a Hold” which previously was an “a Buy”.
Price Performance Review of GD
On Monday, General Dynamics Corp. [NYSE:GD] saw its stock jump 0.81% to $301.86. Over the last five days, the stock has gained 1.54%. General Dynamics Corp. shares have risen nearly 16.25% since the year began. Nevertheless, the stocks have risen 27.15% over the past one year. While a 52-week high of $309.97 was reached on 09/16/24, a 52-week low of $232.29 was recorded on 01/18/24. SMA at 50 days reached $297.76, while 200 days put it at $285.46.
Levels Of Support And Resistance For GD Stock
The 24-hour chart illustrates a support level at 299.57, which if violated will result in even more drops to 297.29. On the upside, there is a resistance level at 303.25. A further resistance level may holdings at 304.65. The Relative Strength Index (RSI) on the 14-day chart is 53.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.67%. Stochastics %K at 35.24% indicates the stock is a holding.
How much short interest is there in General Dynamics Corp.?
A steep rise in short interest was recorded in General Dynamics Corp. stocks on 2024-09-30, growing by 1.36 million shares to a total of 3.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.32 million shares. There was a rise of 36.96%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 26, 2024 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $345 price target.
