Shares of General Dynamics Corporation (GD) Sees Large Outflow of Money

General Dynamics Corporation (GD) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.15 million) in General Dynamics Corporation (GD). On Thursday, The value of composite uptick trades was $0.43 million, whereas, the value of composite downtick trades was $1.58 million and the ratio between the two was 0.27, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0 million. The negative money flow of ($0 million) shows selling on strength. General Dynamics Corporation (GD) gained $0.34 intraday at $140.23 and registrered 0.24% for the week.


General Dynamics Corporation (GD) stock is expected to deviate a maximum of $7.32 from the average target price of $164.89 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $175 and the most muted being $152. The stock has recorded a 20-day Moving Average of 0.24% and the 50-Day Moving Average is 1.27%.

General Dynamics Corporation (NYSE:GD): The stock opened at $139.69 on Thursday but the bulls could not build on the opening and the stock topped out at $140.90 for the day. The stock traded down to $138.36 during the day, due to lack of any buying support eventually closed down at $138.69 with a loss of -0.86% for the day. The stock had closed at $139.89 on the previous day. The total traded volume was 1,439,291 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.