General American Investors (NYSE:GAM) Sees Unusually-High Trading Volume

General American Investors Company, Inc. (NYSE:GAM - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 9,080 shares were traded during trading, a decline of 55% from the previous session's volume of 20,111 shares.The stock last traded at $45.94 and had previously closed at $45.43.

General American Investors Price Performance

The stock's 50 day simple moving average is $45.36 and its two-hundred day simple moving average is $43.16.

Insiders Place Their Bets

In other news, VP Eugene S. Stark bought 2,500 shares of the company's stock in a transaction dated Wednesday, April 10th. The stock was bought at an average price of $25.00 per share, for a total transaction of $62,500.00. Following the completion of the transaction, the vice president now directly owns 10,000 shares in the company, valued at approximately $250,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other General American Investors news, CEO Jeffrey W. Priest bought 4,000 shares of the company's stock in a transaction on Wednesday, April 3rd. The stock was bought at an average price of $25.09 per share, for a total transaction of $100,360.00. Following the transaction, the chief executive officer now owns 7,200 shares of the company's stock, valued at approximately $180,648. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Eugene S. Stark purchased 2,500 shares of General American Investors stock in a transaction dated Wednesday, April 10th. The stock was bought at an average price of $25.00 per share, for a total transaction of $62,500.00. Following the completion of the transaction, the vice president now directly owns 10,000 shares in the company, valued at $250,000. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 7,630 shares of company stock valued at $207,312. 8.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GAM. Peoples Bank KS acquired a new position in General American Investors in the third quarter valued at about $35,000. Authentikos Wealth Advisory LLC bought a new position in shares of General American Investors during the 3rd quarter valued at about $51,000. JPMorgan Chase & Co. acquired a new position in shares of General American Investors in the 2nd quarter valued at approximately $78,000. Tyler Stone Wealth Management bought a new stake in General American Investors during the 2nd quarter worth approximately $88,000. Finally, United Capital Financial Advisers LLC acquired a new stake in General American Investors during the 4th quarter worth approximately $212,000. Institutional investors own 36.85% of the company's stock.

General American Investors Company Profile

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.