General Motors Company’s recent filing unveils that its Director KELLY ALFRED F JR acquired Company’s shares for reported $0.61 million on Jan 30 ’25. In the deal valued at $50.66 per share,12,000 shares were bought. As a result of this transaction, KELLY ALFRED F JR now holds 13,714 shares worth roughly $0.68 million.
Then, Harvey Rory sold 8,919 shares, generating $535,229 in total proceeds. Upon selling the shares at $60.01, the Executive Vice President now owns 8,513 shares.
Before that, RORY HARVEY bought 8,919 shares. General Motors Company shares valued at $535,217 were divested by the Officer at a price of $60.01 per share.
Deutsche Bank upgraded its General Motors Company [GM] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. Morgan Stanley also remained covering GM and has increased its forecast on December 10, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. DZ Bank revised its rating on October 11, 2024. It rated GM as “a Hold” which previously was an “a Buy”.
Price Performance Review of GM
On Friday, General Motors Company [NYSE:GM] saw its stock fall -0.08% to $49.46. Over the last five days, the stock has lost -8.25%. General Motors Company shares have fallen nearly -7.15% since the year began. Nevertheless, the stocks have risen 29.65% over the past one year. While a 52-week high of $61.24 was reached on 01/27/25, a 52-week low of $37.60 was recorded on 01/30/25. SMA at 50 days reached $52.96, while 200 days put it at $48.55.
Levels Of Support And Resistance For GM Stock
The 24-hour chart illustrates a support level at 48.52, which if violated will result in even more drops to 47.57. On the upside, there is a resistance level at 51.07. A further resistance level may holdings at 52.67. The Relative Strength Index (RSI) on the 14-day chart is 40.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.71%. Stochastics %K at 21.28% 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 2024-12-31, growing by 1.64 million shares to a total of 35.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 34.13 million shares. There was a rise of 4.58%, which implies that there is a positive sentiment for the stock.
