Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Group 1 Automotive, Inc shares valued at $2,560,097 were sold by Pereira Lincoln on Dec 16 ’24. At $426.68 per share, Pereira Lincoln sold 6,000 shares. The insider’s holdings dropped to 98,467 shares worth approximately $41.43 million following the completion of this transaction.
Also, ABBE INVESTMENTS LTD purchased 6,000 shares, netting a total of over 1,480,097 in proceeds.
Before that, McKissic Edward had sold 79 shares from its account. In a trade valued at $29,547, the Senior VP, Human Resources traded Group 1 Automotive, Inc shares for $374.01 each. Upon closing the transaction, the insider’s holdings decreased to 79 shares, worth approximately $2.63 million.
As published in their initiating research note from Jefferies on December 13, 2024, Group 1 Automotive, Inc [GPI] has been a Buy and the price target has been revised to $500. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in late September. As of September 12, 2024, Stephens has initiated its “an Equal-weight” rating for GPI. Earlier on April 17, 2024, Guggenheim upgraded its rating. Their new recommendation was “a Buy” for GPI stock which previously was a “a Neutral”.
Analyzing GPI Stock Performance
During the last five days, there has been a drop of approximately -0.19%. Over the course of the year, Group 1 Automotive, Inc shares have dropped approximately -0.19%. Shares of the company reached a 52-week high of $427.85 on 01/02/25 and a 52-week low of $414.45 on 01/08/25. A 50-day SMA is recorded $411.82, while a 200-day SMA reached $346.02. Nevertheless, trading volume fell to 0.11 million shares from 0.11 million shares the previous day.
Support And Resistance Levels for Group 1 Automotive, Inc (GPI)
According to the 24-hour chart, there is a support level at 416.29, which, if violated, would cause prices to drop to 411.88. In the upper region, resistance lies at 423.27. The next price resistance is at 425.85. RSI (Relative Strength Index) is 52.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 49.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
