General Dynamics Co. (NYSE:GD) has witnessed the selling off of shares by multiple investment entities like
Bright Futures Wealth Management LLC, Allspring Global Investments Holdings LLC and others. Notwithstanding, several institutions such as
Kentucky Trust Co, Empowered Funds LLC and others bought shares of GD.
Citigroup lowered the price target of GD to $335.00. Meanwhile, GD is showing signs of decline, shedding 4.8% of its share value within the week. Nevertheless,
General Dynamics reported
strong Q4 earnings beating estimates, demonstrating robust growth despite some challenges. A significant development,
General Dynamics Information Technology partnered with Ionq to develop Quantum Solutions for their customers. Unfortunately, BTIG downgraded General Dynamics because of concerns around
Gulfstream's supply chain and certification. However, this has not deterred additional purchases of shares by other entities. The company declared dividend and authorized additional share repurchases.
General Dynamics GD News Analytics from Wed, 18 Sep 2024 07:00:00 GMT to Sat, 15 Feb 2025 12:58:07 GMT -
Rating -4
- Innovation 2
- Information 8
- Rumor 5
