Large Outflow of Money Witnessed in General Dynamics Corporation

General Dynamics Corporation (GD): The stock had negative money flow to the tune of ($10.46 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $25.45 million, whereas, the outflow of money on downticks was $35.91 million and the ratio between the two was 0.71. The block trade had a negative net money flow of ($15.52 million). On the other hand, downticks amounted to $15.52 million of the traded value, which shows distribution in the stock by traders. General Dynamics Corporation (GD) closed with marginal gains of 91 cents to end the day at $143.77, an increase of 0.64% over the previous days close. The stock recorded 1.18% for the week.


General Dynamics Corporation (GD) : The highest short term price target forecast on General Dynamics Corporation (GD) is $175 and the lowest target price is $152. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $164.89 with a standard deviation of $7.32.

General Dynamics Corporation (NYSE:GD): stock turned positive on Friday. Though the stock opened at $142.59, the bulls momentum made the stock top out at $143.89 level for the day. The stock recorded a low of $142.13 and closed the trading day at $143.77, in the green by 0.64%. The total traded volume for the day was 829,954. The stock had closed at $142.86 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior VP, Gen. Counsel, Sec.) of General Dynamics Corp, Gallopoulos Gregory S had sold 60,890 shares worth of $8,187,878 in a transaction dated February 18, 2016. In this transaction, 60,890 shares were sold at $134.47 per share.

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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