Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. GATX Corp shares valued at $1,200,728 were purchased by STATE FARM MUTUAL AUTOMOBILE I on Oct 09 ’24. At $133.65 per share, STATE FARM MUTUAL AUTOMOBILE I acquired 8,984 shares. The insider’s holdings grew to 3,312,294 shares worth approximately $542.22 million following the completion of this transaction.
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Also, Titterton Paul F sold 9,000 shares, netting a total of over 1,254,372 in proceeds. Following the sale of shares at $139.37 each, the insider now holds 11,373 shares.
Before that, Zmudka Robert had sold 4,800 shares from its account. In a trade valued at $670,347, the Sr. VP & Chief Comm. Off. traded GATX Corp shares for $139.66 each. Upon closing the transaction, the insider’s holdings decreased to 4,800 shares, worth approximately $1.23 million.
As published in their initiating research note from Goldman on November 18, 2024, GATX Corp [GATX] has been a Buy and the price target has been revised to $185. Analysts at TD Cowen resumed the stock at ‘”a Market perform”‘ outlook in a report released in late January. As of July 26, 2023, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for GATX.
Analyzing GATX Stock Performance
During the last five days, there has been a surge of approximately 6.11%. Over the course of the year, GATX Corp shares have jumped approximately 36.17%. Shares of the company reached a 52-week high of $167.25 on 11/25/24 and a 52-week low of $114.78 on 01/17/24. A 50-day SMA is recorded $142.10, while a 200-day SMA reached $135.65. Nevertheless, trading volume fell to 0.23 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for GATX Corp (GATX)
According to the 24-hour chart, there is a support level at 162.12, which, if violated, would cause prices to drop to 160.53. In the upper region, resistance lies at 165.45. The next price resistance is at 167.19. RSI (Relative Strength Index) is 76.04 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.02, which suggests the price will increase in the coming days. Percent R is at 20.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
