General Motors Company’s recent filing unveils that its Executive Vice President Harvey Rory unloaded Company’s shares for reported $0.63 million on Aug 26 ’24. In the deal valued at $49.02 per share,12,795 shares were sold. As a result of this transaction, Harvey Rory now holds 8,513 shares worth roughly $0.41 million.
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Then, Harvey Rory sold 2,302 shares, generating $108,908 in total proceeds. Upon selling the shares at $47.31, the Executive Vice President now owns 10,356 shares.
Before that, RORY HARVEY bought 12,795 shares. General Motors Company shares valued at $627,169 were divested by the Officer at a price of $49.02 per share.
DZ Bank downgraded its General Motors Company [GM] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late September from “an Equal-weight” to “an Underweight”. Bernstein also remained covering GM and has decreased its forecast on September 23, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating.
Price Performance Review of GM
On Friday, General Motors Company [NYSE:GM] saw its stock jump 0.38% to $47.87. Over the last five days, the stock has gained 4.79%. General Motors Company shares have risen nearly 33.27% since the year began. Nevertheless, the stocks have risen 54.52% over the past one year. While a 52-week high of $50.50 was reached on 07/18/24, a 52-week low of $26.30 was recorded on 01/18/24. SMA at 50 days reached $46.10, while 200 days put it at $43.49.
Levels Of Support And Resistance For GM Stock
The 24-hour chart illustrates a support level at 47.36, which if violated will result in even more drops to 46.84. On the upside, there is a resistance level at 48.32. A further resistance level may holdings at 48.76. The Relative Strength Index (RSI) on the 14-day chart is 58.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.02%. Stochastics %K at 78.85% indicates the stock is a holding.
How much short interest is there in General Motors Company?
A steep rise in short interest was recorded in General Motors Company stocks on 2024-09-30, dropping by -9.69 million shares to a total of 30.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 40.37 million shares. There was a decline of -31.6%, which implies that there is a negative sentiment for the stock.
