Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. General Motors Company shares valued at $502,671 were sold by Harvey Rory on Oct 23 ’24. At $54.01 per share, Harvey Rory sold 9,307 shares. The insider’s holdings dropped to 8,513 shares worth approximately $0.44 million following the completion of this transaction.
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Also, Barra Mary T sold 506,824 shares, netting a total of over 27,029,630 in proceeds. Following the sale of shares at $53.33 each, the insider now holds 694,548 shares.
Before that, RORY HARVEY had added 9,307 shares to its account. In a trade valued at $502,670, the Officer bought General Motors Company shares for $54.01 each.
As published in a research note from DZ Bank on October 11, 2024, General Motors Company [GM] has been rated down from a Buy to a Hold and the price target has been revised to $49. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in late September. As of September 23, 2024, Bernstein has decreased its “an Outperform” rating to a “Mkt perform” for GM.
Analyzing GM Stock Performance
During the last five days, there has been a drop of approximately -1.80%. Over the course of the year, General Motors Company shares have jumped approximately 44.68%. Shares of the company reached a 52-week high of $54.29 on 10/24/24 and a 52-week low of $34.32 on 01/18/24. A 50-day SMA is recorded $48.11, while a 200-day SMA reached $44.46. Nevertheless, trading volume fell to 8.18 million shares from 13.81 million shares the previous day.
Support And Resistance Levels for General Motors Company (GM)
According to the 24-hour chart, there is a support level at 51.40, which, if violated, would cause prices to drop to 50.84. In the upper region, resistance lies at 52.63. The next price resistance is at 53.30. RSI (Relative Strength Index) is 62.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.47, which suggests the price will increase in the coming days. Percent R is at 33.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
