General American Investors (NYSE:GAM) Stock Crosses Below 200-Day Moving Average – Here’s Why

General American Investors, Inc. (NYSE:GAM)’s stock price passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $64.55 and traded as low as $64.50. General American Investors shares last traded at $65.0390, with a volume of 21,822 shares.

General American Investors Price Performance

The business’s 50 day simple moving average is $65.53 and its 200 day simple moving average is $64.59.

Insider Buying and Selling at General American Investors

In other news, Treasurer Samantha X. Jin acquired 2,000 shares of General American Investors stock in a transaction dated Thursday, September 17th. The stock was bought at an average price of $23.69 per share, for a total transaction of $47,380.00. Following the completion of the acquisition, the treasurer directly owned 2,000 shares in the company, valued at approximately $47,380. The trade was a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Eugene S. Stark acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $24.00 per share, for a total transaction of $120,000.00. Following the completion of the acquisition, the vice president owned 17,000 shares in the company, valued at approximately $408,000. This represents a 41.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 15,000 shares of company stock worth $350,950 over the last ninety days. Insiders own 7.93% of the company’s stock.

Institutional Investors Weigh In On General American Investors

A number of large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new position in General American Investors in the second quarter valued at approximately $169,000. Quad Cities Investment Group LLC bought a new position in shares of General American Investors in the second quarter worth about $207,000. Susquehanna International Group LLP acquired a new stake in shares of General American Investors in the 2nd quarter valued at approximately $265,000. Corient Private Wealth LP acquired a new position in shares of General American Investors during the second quarter worth $273,000. Finally, Compass Wealth Management LLC bought a new position in General American Investors in the second quarter valued at about $309,000. Institutional investors and hedge funds own 36.85% of the company’s stock.

About General American Investors