General Motors Company’s filing revealed that 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.
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 $6.44 million.
HSBC Securities 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 increased its forecast for the stock in early December from “an Underweight” to “an Equal-weight”. DZ Bank also remained covering GM and has decreased its forecast on October 11, 2024 with a “Hold” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on September 25, 2024. It rated GM as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of GM
On Monday, General Motors Company [NYSE:GM] saw its stock jump 1.45% to $52.56. Over the last five days, the stock has gained 0.61%. General Motors Company shares have risen nearly 46.33% since the year began. Nevertheless, the stocks have risen 44.99% over the past one year. While a 52-week high of $61.24 was reached on 11/25/24, a 52-week low of $34.32 was recorded on 01/18/24. SMA at 50 days reached $53.34, while 200 days put it at $47.41.
Levels Of Support And Resistance For GM Stock
The 24-hour chart illustrates a support level at 51.75, which if violated will result in even more drops to 50.94. On the upside, there is a resistance level at 52.98. A further resistance level may holdings at 53.40. The Relative Strength Index (RSI) on the 14-day chart is 48.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.22%. Stochastics %K at 33.24% 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 2024-11-29, growing by 4.48 million shares to a total of 34.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 29.65 million shares. There was a rise of 13.13%, which implies that there is a positive sentiment for the stock.
