The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $1.1 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 $24.25 million.
As published in a research note from Seaport Research Partners on October 11, 2024, General Dynamics Corp [GD] has been rated down from a Buy to a Neutral. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of August 09, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for GD. Earlier on July 29, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for GD stock which previously was a “a Buy”.
Analyzing GD Stock Performance
During the last five days, there has been a surge of approximately 4.93%. Over the course of the year, General Dynamics Corp shares have jumped approximately 17.84%. Shares of the company reached a 52-week high of $313.11 on 10/23/24 and a 52-week low of $247.36 on 01/18/24. A 50-day SMA is recorded $301.37, while a 200-day SMA reached $289.84. Nevertheless, trading volume fell to 0.85 million shares from 1.66 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 303.99, which, if violated, would cause prices to drop to 301.98. In the upper region, resistance lies at 308.54. The next price resistance is at 311.07. RSI (Relative Strength Index) is 56.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.37, which suggests the price will increase in the coming days. Percent R is at 32.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
