In a filing, Group 1 Automotive, Inc revealed its Director Pereira Lincoln unloaded Company’s shares for reported $2.56 million on Dec 16 ’24. In the deal valued at $426.68 per share,6,000 shares were sold. As a result of this transaction, Pereira Lincoln now holds 98,467 shares worth roughly $44.08 million.
Then, ABBE INVESTMENTS LTD bought 6,000 shares, generating $1,480,097 in total proceeds.
Before that, McKissic Edward sold 79 shares. Group 1 Automotive, Inc shares valued at $29,547 were divested by the Senior VP, Human Resources at a price of $374.01 per share. As a result of the transaction, McKissic Edward now holds 6,259 shares, worth roughly $2.8 million.
Jefferies initiated its Group 1 Automotive, Inc [GPI] rating to a Buy in a research note published on December 13, 2024; the price target was $500. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late September from “an Equal-weight” to “an Overweight”. Stephens began covering GPI with “an Equal-weight” recommendation on September 12, 2024. Guggenheim revised its rating on April 17, 2024. It rated GPI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of GPI
On Friday, Group 1 Automotive, Inc [NYSE:GPI] saw its stock jump 0.64% to $447.66. Over the last five days, the stock has gained 6.36%. Group 1 Automotive, Inc shares have risen nearly 6.21% since the year began. Nevertheless, the stocks have risen 64.38% over the past one year. While a 52-week high of $449.56 was reached on 01/17/25, a 52-week low of $255.73 was recorded on 01/10/25. SMA at 50 days reached $420.70, while 200 days put it at $350.55.
Levels Of Support And Resistance For GPI Stock
The 24-hour chart illustrates a support level at 445.17, which if violated will result in even more drops to 442.67. On the upside, there is a resistance level at 449.87. A further resistance level may holdings at 452.07. The Relative Strength Index (RSI) on the 14-day chart is 70.05, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.19%. Stochastics %K at 91.66% indicates the stock is a selling.
How much short interest is there in Group 1 Automotive, Inc?
A steep rise in short interest was recorded in Group 1 Automotive, Inc stocks on 2024-12-31, dropping by 91797.0 shares to a total of 1.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.75 million shares. There was a decline of -5.55%, which implies that there is a negative sentiment for the stock.
