Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. General Motors Company shares valued at $11,913,062 were sold by Barra Mary T on Nov 11 ’24. At $57.60 per share, Barra Mary T sold 206,824 shares. The insider’s holdings dropped to 694,548 shares worth approximately $40.08 million following the completion of this transaction.
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Also, MARY BARRA purchased 206,824 shares, netting a total of over 11,912,256 in proceeds.
Before that, Reuss Mark L had sold 122,283 shares from its account. In a trade valued at $6,745,130, the President traded General Motors Company shares for $55.16 each. Upon closing the transaction, the insider’s holdings decreased to 122,283 shares, worth approximately $7.32 million.
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 surge of approximately 4.83%. Over the course of the year, General Motors Company shares have jumped approximately 60.66%. Shares of the company reached a 52-week high of $58.42 on 11/13/24 and a 52-week low of $34.32 on 01/18/24. A 50-day SMA is recorded $49.33, while a 200-day SMA reached $45.42. Nevertheless, trading volume fell to 10.04 million shares from 10.22 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 57.36, which, if violated, would cause prices to drop to 57.00. In the upper region, resistance lies at 58.24. The next price resistance is at 58.77. RSI (Relative Strength Index) is 74.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.71, which suggests the price will increase in the coming days. Percent R is at 9.24%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
