The short interest in General Dynamics Corporation (NYSE:GD) has declined from 2,989,087 on May 31,2016 to 2,943,338 on June 15,2016. The change was measured at 45,749 shares or 1.5%. The leftover shorts were 1% of the floated shares. The days to cover are 2, given the average daily volume of 1,833,048 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
General Dynamics Corporation (NYSE:GD): The stock opened at $135.89 on Friday but the bulls could not build on the opening and the stock topped out at $138.88 for the day. The stock traded down to $135.03 during the day, due to lack of any buying support eventually closed down at $136.14 with a loss of -2.60% for the day. The stock had closed at $139.78 on the previous day. The total traded volume was 4,483,687 shares.
The company shares have dropped -4.02% from its 1 Year high price. On Aug 19, 2015, the shares registered one year high at $153.76 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $141.90 and the 200 Day Moving Average price is recorded at $136.45.
General Dynamics Corporation (NYSE:GD) has tumbled 2.05% during the past week and has dropped 4.88% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.43%. General Dynamics Corporation (NYSE:GD) has underperformed the index by 2.01% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.