General Dynamics Corporation (GD) Shares are Up 1.73%

General Dynamics Corporation (GD) : Traders are bullish on General Dynamics Corporation (GD) as it has outperformed the S&P 500 by a wide margin of 5.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.68%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.73% in the last 1 week, and is up 6.6% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 3.49% and the 50-Day Moving Average is 6.68%. General Dynamics Corporation (NYSE:GD): stock turned positive on Friday. Though the stock opened at $150.73, the bulls momentum made the stock top out at $151.75 level for the day. The stock recorded a low of $150.73 and closed the trading day at $151.47, in the green by 0.11%. The total traded volume for the day was 1,045,005. The stock had closed at $151.3 in the previous days trading.


The company Insiders own 6.8% of General Dynamics Corporation shares according to the proxy statements. Institutional Investors own 88.63% of General Dynamics Corporation shares. Also, Bernstein upgrades its rating on General Dynamics Corporation (NYSE:GD). Analysts at the Bernstein have a current rating of Outperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on August 10, 2016.

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.

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