In a filing, Garrett Motion Inc revealed 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 $86.3 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 $88.96 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 jump 1.38% to $8.81. Over the last five days, the stock has gained 20.03%. Garrett Motion Inc shares have fallen nearly -2.44% since the year began. Nevertheless, the stocks have fallen -11.28% over the past one year. While a 52-week high of $10.39 was reached on 02/24/25, a 52-week low of $7.01 was recorded on 04/04/25. SMA at 50 days reached $9.05, while 200 days put it at $8.62.
Levels Of Support And Resistance For GTX Stock
The 24-hour chart illustrates a support level at 8.61, which if violated will result in even more drops to 8.40. On the upside, there is a resistance level at 8.95. A further resistance level may holdings at 9.08. The Relative Strength Index (RSI) on the 14-day chart is 53.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.28%. Stochastics %K at 86.13% indicates the stock is a selling.
How much short interest is there in Garrett Motion Inc?
A steep rise in short interest was recorded in Garrett Motion Inc stocks on 2025-03-31, dropping by -1.32 million shares to a total of 5.82 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 7.13 million shares. There was a decline of -22.65%, which implies that there is a negative sentiment for the stock.
