Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. General Motors Company shares valued at $21,696,752 were sold by Glidden Craig B. on Nov 18 ’24. At $56.63 per share, Glidden Craig B. sold 383,142 shares. The insider’s holdings dropped to 122,465 shares worth approximately $6.72 million following the completion of this transaction.
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Also, General Motors Holdings LLC sold 13,332,000 shares, netting a total of over 2,666,400 in proceeds. Following the sale of shares at $0.20 each, the insider now holds 9,843,622 shares.
Before that, CRAIG GLIDDEN had added 383,142 shares to its account. In a trade valued at $21,697,197, the Officer bought General Motors Company shares for $56.63 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 -4.92%. Over the course of the year, General Motors Company shares have jumped approximately 52.76%. Shares of the company reached a 52-week high of $59.39 on 11/14/24 and a 52-week low of $34.32 on 01/18/24. A 50-day SMA is recorded $50.31, while a 200-day SMA reached $45.86. Nevertheless, trading volume fell to 12.11 million shares from 14.53 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 54.47, which, if violated, would cause prices to drop to 54.06. In the upper region, resistance lies at 55.38. The next price resistance is at 55.89. RSI (Relative Strength Index) is 56.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 52.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
