General American Investors (GAM) : Tuesdays money flow analysis of General American Investors (GAM) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $9.95 million. In comparison, the inflow of money on upticks was a meager $0.08 million. The dollar value of composite uptick trades minus the downtick trades was negative $9.88 million. The uptick to downtick ratio of 0.01 in the money flow shows weakness. The downtick transaction value was high at $9.9 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($9.9 million). General American Investors (GAM) gained $0.01 at $33.07, a change of 0.03% over the previous days close.
General American Investors Company, Inc. has dropped 1.05% in the last five trading days, however, the shares have posted positive gains of 1.26% in the last 4 weeks. General American Investors Company, Inc. is up 4.81% in the last 3-month period. Year-to-Date the stock performance stands at 3.38%.
General American Investors (NYSE:GAM): The stock opened at $33.00 on Tuesday but the bulls could not build on the opening and the stock topped out at $33.17 for the day. The stock traded down to $32.89 during the day, due to lack of any buying support eventually closed down at $32.90 with a loss of -0.48% for the day. The stock had closed at $33.06 on the previous day. The total traded volume was 327,069 shares.
In a related news, The Securities and Exchange Commission has divulged that Altschul Arthur G Jr, director of General American Investors Co Inc, had unloaded 5,000 shares at an average price of $33.02 in a transaction dated on August 18, 2016. The total value of the transaction was worth $165,100.
General American Investors Company, Inc. is a diversified, closed-end management investment company. The primary objective of the Company is long-term capital appreciation through investment in companies with above average growth potential. Lesser emphasis is placed on current income. The Company invests principally in common stocks. The Companys investment approach focuses on the selection of individual stocks, each of which is expected to meet a clearly defined portfolio objective. The Companys portfolio of investments include financials, information technology, consumer discretionary, consumer staples, energy, health care, industrials, telecommunication services, materials, short-term securities and other.