Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. General Motors Company shares valued at $3,421,004 were purchased by CRAIG GLIDDEN on Feb 26 ’25. At $49.81 per share, CRAIG GLIDDEN acquired 68,687 shares.
Also, KELLY ALFRED F JR purchased 12,000 shares, netting a total of over 607,920 in proceeds. Following the buying of shares at $50.66 each, the insider now holds 13,714 shares.
Before that, Harvey Rory had sold 8,919 shares from its account. In a trade valued at $535,229, the Executive Vice President traded General Motors Company shares for $60.01 each. Upon closing the transaction, the insider’s holdings decreased to 8,919 shares, worth approximately $0.41 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 surge of approximately 0.04%. Over the course of the year, General Motors Company shares have dropped approximately -8.99%. Shares of the company reached a 52-week high of $55.06 on 01/27/25 and a 52-week low of $44.41 on 03/04/25. A 50-day SMA is recorded $50.07, while a 200-day SMA reached $48.88.
Support And Resistance Levels for General Motors Company (GM)
According to the 24-hour chart, there is a support level at 46.78, which, if violated, would cause prices to drop to 45.09. In the upper region, resistance lies at 49.62. The next price resistance is at 50.77. RSI (Relative Strength Index) is 50.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 33.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
