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Recent Insider Activity Suggests Potential Gains for Garrett Motion Inc (GTX)

In a filing, Garrett Motion Inc revealed its SVP, Integrated Supply Chain Mabru Thierry unloaded Company’s shares for reported $0.37 million on Oct 29 ’24. In the deal valued at $7.47 per share,50,000 shares were sold. As a result of this transaction, Mabru Thierry now holds 140,509 shares worth roughly $1.1 million.

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Then, Steyn Julia sold 14,000 shares, generating $122,795 in total proceeds. Upon selling the shares at $8.77, the Director now owns 53,781 shares.

Before that, JULIA STEYN bought 14,000 shares. Garrett Motion Inc shares valued at $122,795 were divested by the Director at a price of $8.77 per share.

BWS Financial initiated its Garrett Motion Inc [GTX] rating to a Buy in a research note published on June 03, 2021; the price target was $15.

Price Performance Review of GTX

On Monday, Garrett Motion Inc [NASDAQ:GTX] saw its stock fall -0.25% to $7.83. Over the last five days, the stock has lost -0.38%. Garrett Motion Inc shares have fallen nearly -19.03% since the year began. Nevertheless, the stocks have risen 5.81% over the past one year. While a 52-week high of $10.16 was reached on 03/25/24, a 52-week low of $7.13 was recorded on 10/24/24. SMA at 50 days reached $7.92, while 200 days put it at $8.76.

Levels Of Support And Resistance For GTX Stock

The 24-hour chart illustrates a support level at 7.76, which if violated will result in even more drops to 7.70. On the upside, there is a resistance level at 7.93. A further resistance level may holdings at 8.04. The Relative Strength Index (RSI) on the 14-day chart is 50.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.14%. Stochastics %K at 63.45% indicates the stock is a holding.

How much short interest is there in Garrett Motion Inc?

A steep rise in short interest was recorded in Garrett Motion Inc stocks on 2024-10-31, dropping by -0.14 million shares to a total of 6.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.89 million shares. There was a decline of -2.07%, which implies that there is a negative sentiment for the stock.

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