Garrett Motion Inc’s recent filing unveils 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 $80.13 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 $82.6 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 -3.88% to $8.18. Over the last five days, the stock has lost -8.50%. Garrett Motion Inc shares have fallen nearly -9.41% since the year began. Nevertheless, the stocks have fallen -16.10% 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 03/28/25. SMA at 50 days reached $9.32, while 200 days put it at $8.64.
Levels Of Support And Resistance For GTX Stock
The 24-hour chart illustrates a support level at 8.07, which if violated will result in even more drops to 7.95. On the upside, there is a resistance level at 8.41. A further resistance level may holdings at 8.63. The Relative Strength Index (RSI) on the 14-day chart is 28.03, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 17.61% indicates the stock is a buying.
How much short interest is there in Garrett Motion Inc?
A steep rise in short interest was recorded in Garrett Motion Inc stocks on 2025-03-14, dropping by -0.49 million shares to a total of 7.06 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 7.56 million shares. There was a decline of -6.98%, which implies that there is a negative sentiment for the stock.
