Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Garrett Motion Inc shares valued at $373,490 were purchased by Mabru Thierry on Oct 29 ’24. At $7.47 per share, Mabru Thierry acquired 50,000 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Mabru Thierry sold 50,000 shares, netting a total of over 373,500 in proceeds. Following the sale of shares at $7.47 each, the insider now holds 140,509 shares.
Before that, Steyn Julia had sold 14,000 shares from its account. In a trade valued at $122,795, the Director traded Garrett Motion Inc shares for $8.77 each. Upon closing the transaction, the insider’s holdings decreased to 14,000 shares, worth approximately $0.44 million.
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 5.13%. Over the course of the year, Garrett Motion Inc shares have dropped approximately -15.20%. 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 $8.75. Nevertheless, trading volume fell to 2.47 million shares from 0.71 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 7.94, which, if violated, would cause prices to drop to 7.67. In the upper region, resistance lies at 8.34. The next price resistance is at 8.47. RSI (Relative Strength Index) is 60.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 1.10%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
