Garrett Motion Inc’s recently made public that its 10% Owner Centerbridge Special Credit Pa unloaded Company’s shares for reported $4.89 million on Mar 07 ’25. In the deal valued at $9.41 per share,520,000 shares were sold. As a result of this transaction, Centerbridge Special Credit Pa now holds 9,795,684 shares worth roughly $87.57 million.
Then, Centerbridge Special Credit Pa sold 500,000 shares, generating $4,725,000 in total proceeds. Upon selling the shares at $9.45, the 10% Owner now owns 9,949,894 shares.
Before that, Centerbridge Special Credit Pa sold 349,351 shares. Garrett Motion Inc shares valued at $3,478,558 were divested by the 10% Owner at a price of $9.96 per share. As a result of the transaction, Centerbridge Special Credit Pa now holds 10,098,173 shares, worth roughly $90.28 million.
BWS Financial initiated its Garrett Motion Inc [GTX] rating to a Buy in a research note published on June 03, 2021; the price target was $15.
Price Performance Review of GTX
On Friday, Garrett Motion Inc [NASDAQ:GTX] saw its stock fall -0.33% to $8.94. Over the last five days, the stock has lost -0.11%. Garrett Motion Inc shares have fallen nearly -1.00% since the year began. Nevertheless, the stocks have fallen -6.09% over the past one year. While a 52-week high of $10.39 was reached on 02/24/25, a 52-week low of $7.13 was recorded on 03/13/25. SMA at 50 days reached $9.38, while 200 days put it at $8.65.
Levels Of Support And Resistance For GTX Stock
The 24-hour chart illustrates a support level at 8.83, which if violated will result in even more drops to 8.72. On the upside, there is a resistance level at 9.06. A further resistance level may holdings at 9.19. The Relative Strength Index (RSI) on the 14-day chart is 41.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.92%. Stochastics %K at 26.71% indicates the stock is a holding.
How much short interest is there in Garrett Motion Inc?
A steep rise in short interest was recorded in Garrett Motion Inc stocks on 2025-02-28, dropping by -0.4 million shares to a total of 7.13 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 7.53 million shares. There was a decline of -5.56%, which implies that there is a negative sentiment for the stock.
