Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Garrett Motion Inc shares valued at $373,500 were sold by Mabru Thierry on Oct 29 ’24. At $7.47 per share, Mabru Thierry sold 50,000 shares. The insider’s holdings dropped to 140,509 shares worth approximately $1.11 million following the completion of this transaction.
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Also, Steyn Julia sold 14,000 shares, netting a total of over 122,795 in proceeds. Following the sale of shares at $8.77 each, the insider now holds 53,781 shares.
Before that, JULIA STEYN had added 14,000 shares to its account. In a trade valued at $122,795, the Director bought Garrett Motion Inc shares for $8.77 each.
As published in their initiating research note from BWS Financial on June 03, 2021, Garrett Motion Inc [GTX] has been a Buy and the price target has been revised to $15.
Analyzing GTX Stock Performance
During the last five days, there has been a surge of approximately 3.40%. Over the course of the year, Garrett Motion Inc shares have dropped approximately -18.30%. Shares of the company reached a 52-week high of $10.16 on 03/25/24 and a 52-week low of $7.13 on 10/24/24. A 50-day SMA is recorded $7.93, while a 200-day SMA reached $8.77. Nevertheless, trading volume fell to 0.84 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for Garrett Motion Inc (GTX)
According to the 24-hour chart, there is a support level at 7.81, which, if violated, would cause prices to drop to 7.72. In the upper region, resistance lies at 8.06. The next price resistance is at 8.22. RSI (Relative Strength Index) is 52.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 27.71%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
