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 $607,920 were purchased by KELLY ALFRED F JR on Jan 30 ’25. At $50.66 per share, KELLY ALFRED F JR acquired 12,000 shares. The insider’s holdings grew to 13,714 shares worth approximately $0.66 million following the completion of this transaction.
Also, Harvey Rory sold 8,919 shares, netting a total of over 535,229 in proceeds. Following the sale of shares at $60.01 each, the insider now holds 8,513 shares.
Before that, RORY HARVEY had added 8,919 shares to its account. In a trade valued at $535,217, the Officer bought General Motors Company shares for $60.01 each.
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 -3.96%. Over the course of the year, General Motors Company shares have dropped approximately -10.25%. Shares of the company reached a 52-week high of $55.06 on 01/27/25 and a 52-week low of $46.37 on 02/03/25. A 50-day SMA is recorded $52.52, while a 200-day SMA reached $48.63. Nevertheless, trading volume fell to 10.61 million shares from 9.75 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 47.44, which, if violated, would cause prices to drop to 47.06. In the upper region, resistance lies at 48.49. The next price resistance is at 49.16. RSI (Relative Strength Index) is 37.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.02, which suggests the price will decrease in the coming days. Percent R is at 83.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
