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

General Dynamics Corporation (GD) : Money flow in the General Dynamics Corporation (GD) stock was negative (39.52 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $38.17 million, compared to $77.69 million on downticks. The total uptick to downtick ratio was 0.49, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($41.37 million), indicating selling on the strength. The transaction value during uptick in block trades was $2.21 million. Downtick transaction value in block trades amounted to $43.59 million, indicating persistent selling. The uptick to downtick ratio was 0.05. General Dynamics Corporation (GD) traded $1.23 higher at $144.54 gaining 0.86% over the previous days close.


Also, Equity Analysts at the Goldman Sachs maintains the rating on General Dynamics Corporation (NYSE:GD). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $151 per share to $147 per share. The rating by the firm was issued on May 2, 2016.

General Dynamics Corporation (NYSE:GD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $143.71 and $143.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $144.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $144.54, notching a gain of 0.86% for the day. The total traded volume was 1,511,745 . The stock had closed at $143.31 on the previous day.

The stock has recorded a 20-day Moving Average of 3.85% and the 50-Day Moving Average is 2.83%. 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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