In a filing, General Motors Company revealed its Executive Vice President Harvey Rory unloaded Company’s shares for reported $0.54 million on Nov 25 ’24. In the deal valued at $60.01 per share,8,919 shares were sold. As a result of this transaction, Harvey Rory now holds 8,513 shares worth roughly $0.45 million.
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Then, RORY HARVEY bought 8,919 shares, generating $535,217 in total proceeds.
Before that, Glidden Craig B. sold 383,142 shares. General Motors Company shares valued at $21,696,752 were divested by the Executive Vice President & GC at a price of $56.63 per share. As a result of the transaction, Glidden Craig B. now holds 122,465 shares, worth roughly $6.46 million.
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 Monday, General Motors Company [NYSE:GM] saw its stock fall -1.31% to $52.71. Over the last five days, the stock has lost -4.23%. General Motors Company shares have risen nearly 46.74% since the year began. Nevertheless, the stocks have risen 57.30% over the past one year. While a 52-week high of $61.24 was reached on 11/25/24, a 52-week low of $32.81 was recorded on 01/18/24. SMA at 50 days reached $52.20, while 200 days put it at $46.84.
Levels Of Support And Resistance For GM Stock
The 24-hour chart illustrates a support level at 52.09, which if violated will result in even more drops to 51.48. On the upside, there is a resistance level at 53.89. A further resistance level may holdings at 55.08. The Relative Strength Index (RSI) on the 14-day chart is 43.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.42%. Stochastics %K at 5.26% indicates the stock is a buying.
How much short interest is there in General Motors Company?
A steep rise in short interest was recorded in General Motors Company stocks on 2024-11-15, growing by 1.96 million shares to a total of 34.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 32.76 million shares. There was a rise of 5.64%, which implies that there is a positive sentiment for the stock.
