Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. General Dynamics Corp shares valued at $1,556,252 were sold by Brady Christopher J on Nov 22 ’24. At $280.91 per share, Brady Christopher J sold 5,540 shares. The insider’s holdings dropped to 20,296 shares worth approximately $5.32 million following the completion of this transaction.
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Also, Brady Christopher J purchased 5,540 shares, netting a total of over 1,556,254 in proceeds.
Before that, Wall Peter A had sold 1,320 shares from its account. In a trade valued at $406,626, the Director traded General Dynamics Corp shares for $308.05 each. Upon closing the transaction, the insider’s holdings decreased to 1,320 shares, worth approximately $0.94 million.
As published in a research note from Goldman on December 12, 2024, General Dynamics Corp [GD] has been rated down from a Neutral to a Sell and the price target has been revised to $245 from $283. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in mid December. As of October 11, 2024, Seaport Research Partners has decreased its “Buy” rating to a “Neutral” for GD. Earlier on October 01, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for GD stock which previously was a “an Overweight”.
Analyzing GD Stock Performance
During the last five days, there has been a drop of approximately -1.19%. Over the course of the year, General Dynamics Corp shares have jumped approximately 1.00%. Shares of the company reached a 52-week high of $316.90 on 11/13/24 and a 52-week low of $247.36 on 01/18/24. A 50-day SMA is recorded $290.17, while a 200-day SMA reached $291.45. Nevertheless, trading volume fell to 2.22 million shares from 1.96 million shares the previous day.
Support And Resistance Levels for General Dynamics Corp (GD)
According to the 24-hour chart, there is a support level at 259.75, which, if violated, would cause prices to drop to 257.22. In the upper region, resistance lies at 267.15. The next price resistance is at 272.02. RSI (Relative Strength Index) is 27.13 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.02, which suggests the price will decrease in the coming days. Percent R is at 81.54%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
