General Motors Company’s filing revealed that its Executive Vice President & GC Glidden Craig B. unloaded Company’s shares for reported $21.7 million on Nov 18 ’24. In the deal valued at $56.63 per share,383,142 shares were sold. As a result of this transaction, Glidden Craig B. now holds 122,465 shares worth roughly $7.17 million.
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Then, General Motors Holdings LLC sold 13,332,000 shares, generating $2,666,400 in total proceeds. Upon selling the shares at $0.20, the 10% Owner now owns 9,843,622 shares.
Before that, CRAIG GLIDDEN bought 383,142 shares. General Motors Company shares valued at $21,697,197 were divested by the Officer at a price of $56.63 per share.
DZ Bank downgraded its General Motors Company [GM] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late September from “an Equal-weight” to “an Underweight”. Bernstein also remained covering GM and has decreased its forecast on September 23, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating.
Price Performance Review of GM
On Friday, General Motors Company [NYSE:GM] saw its stock jump 5.12% to $58.53. Over the last five days, the stock has gained 2.61%. General Motors Company shares have risen nearly 62.95% since the year began. Nevertheless, the stocks have risen 108.29% over the past one year. While a 52-week high of $59.39 was reached on 11/14/24, a 52-week low of $27.83 was recorded on 01/18/24. SMA at 50 days reached $50.74, while 200 days put it at $46.05.
Levels Of Support And Resistance For GM Stock
The 24-hour chart illustrates a support level at 56.49, which if violated will result in even more drops to 54.45. On the upside, there is a resistance level at 59.73. A further resistance level may holdings at 60.94. The Relative Strength Index (RSI) on the 14-day chart is 69.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.91%. Stochastics %K at 64.12% indicates the stock is a holding.
How much short interest is there in General Motors Company?
A steep rise in short interest was recorded in General Motors Company stocks on 2024-10-31, dropping by -1.03 million shares to a total of 29.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 30.67 million shares. There was a decline of -3.47%, which implies that there is a negative sentiment for the stock.
