The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. General Motors Company shares valued at $535,229 were sold by Harvey Rory on Nov 25 ’24. At $60.01 per share, Harvey Rory sold 8,919 shares. The insider’s holdings dropped to 8,513 shares worth approximately $0.42 million following the completion of this transaction.
Also, RORY HARVEY purchased 8,919 shares, netting a total of over 535,217 in proceeds.
Before that, Glidden Craig B. had sold 383,142 shares from its account. In a trade valued at $21,696,752, the Executive Vice President & GC traded General Motors Company shares for $56.63 each. Upon closing the transaction, the insider’s holdings decreased to 383,142 shares, worth approximately $6.1 million.
As published in a research note from Deutsche Bank on January 21, 2025, General Motors Company [GM] has been rated up from a Hold to a Buy and the price target has been revised to $60. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid December. As of December 10, 2024, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for GM. Earlier on October 11, 2024, DZ Bank downgraded its rating. Their new recommendation was “a Hold” for GM stock which previously was a “a Buy”.
Analyzing GM Stock Performance
During the last five days, there has been a drop of approximately -5.65%. Over the course of the year, General Motors Company shares have dropped approximately -6.55%. Shares of the company reached a 52-week high of $55.06 on 01/27/25 and a 52-week low of $48.72 on 01/28/25. A 50-day SMA is recorded $53.28, while a 200-day SMA reached $48.48. Nevertheless, trading volume fell to 14.79 million shares from 33.78 million shares the previous day.
Support And Resistance Levels for General Motors Company (GM)
According to the 24-hour chart, there is a support level at 49.06, which, if violated, would cause prices to drop to 48.35. In the upper region, resistance lies at 50.55. The next price resistance is at 51.33. RSI (Relative Strength Index) is 41.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 83.28%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
