General Dynamics Corporation (GD) has been under a strong bear grip, hence the stock is down -1.08% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.56% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.18% in the last 1 week, and is up 5.6% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
General Dynamics Corporation (NYSE:GD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $142.59 and $142.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $143.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $143.77, notching a gain of 0.64% for the day. The total traded volume was 829,954 . The stock had closed at $142.86 on the previous day.
The stock has recorded a 20-day Moving Average of 2.9% and the 50-Day Moving Average is 2.28%. General Dynamics Corporation is up 4.85% in the last 3-month period. Year-to-Date the stock performance stands at 6.43%.
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; communications and information technology systems and solutions, and military and commercial shipbuilding. The Company operates through four business groups: Aerospace, Combat Systems, Information Systems and Technology and Marine Systems. Aerospace group designs, manufactures and outfits a family of Gulfstream business-jet aircraft and provides aircraft services. Combat Systems group is engaged in systems engineering, spanning design, development, manufacture and support of military vehicles, weapons systems and munitions. Marine Systems group designs, builds and supports submarines and surface ships. Information Systems and Technology group provides technologies, products and services that support a range of military, federal/civilian and commercial information-systems requirements.