General Dynamics Corporation (GD) : General Dynamics Corporation (GD) had a healthy money flow of $3.11 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $21.9 million, whereas, investors only sold shares worth $18.79 million on downticks. The stock closed the day with an up-down ratio of 1.17.The money flow in the block trades to the tune of $1.87 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.87 million worth of transactions were on upticks. General Dynamics Corporation (GD) stock slid $0.3 intraday and traded at 152.52, a change of -0.2% over previous days close. However, for the week, the company shares are 0.62% compared to previous weeks close.
Also, Major Brokerage house, Bernstein upgrades its ratings on General Dynamics Corporation (NYSE:GD). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on August 10, 2016.
Shares of General Dynamics Corporation rose by 0.27% in the last five trading days and 2.33% for the last 4 weeks. General Dynamics Corporation is up 8.45% in the last 3-month period. Year-to-Date the stock performance stands at 12.94%.
General Dynamics Corporation (NYSE:GD): The stock opened at $152.69 on Tuesday but the bulls could not build on the opening and the stock topped out at $153.00 for the day. The stock traded down to $151.89 during the day, due to lack of any buying support eventually closed down at $152.56 with a loss of -0.17% for the day. The stock had closed at $152.82 on the previous day. The total traded volume was 665,378 shares.
In a related news, Roualet Mark C., officer (Executive Vice President) of General Dynamics Corp, unloaded 40,780 shares at an average price of $151.26 on August 11, 2016. The total amount of the transaction was worth $6,168,383, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.