General American Investors (NYSE:GAM) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• General American Investors shares briefly fell below their 200-day moving average of $64.55, reaching $64.50 before last trading at $65.0390; the technical move may concern momentum-focused investors.
• Insiders have recently bought shares, including purchases by Treasurer Samantha Jin and Vice President Eugene Stark. Insiders acquired 15,000 shares worth approximately $350,950 over the past 90 days and own 7.93% of the company.
• Institutional investors own 36.85% of the stock, with several firms—including Northwestern Mutual Wealth Management and First Trust Advisors—recently increasing their positions.

General American Investors, Inc. (NYSE:GAM - )'s stock price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-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 traded.

General American Investors Trading Up 0.3%

The firm's 50-day moving average is $65.60 and its 200 day moving average is $64.55.

Insider Activity

In other General American Investors news, Treasurer Samantha Jin purchased 2,000 shares of the company's stock in a transaction dated Thursday, September 17th. The stock was purchased at an average price of $23.69 per share, with a total value of $47,380.00. Following the completion of the purchase, the treasurer owned 2,000 shares of the company's stock, valued at approximately $47,380. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Eugene Stark purchased 5,000 shares of the business's stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average price of $24.00 per share, for a total transaction of $120,000.00. Following the acquisition, the vice president owned 17,000 shares of the company's stock, valued at $408,000. This trade represents a 41.67% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 15,000 shares of company stock valued at $350,950. Insiders own 7.93% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in General American Investors by 32.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,656 shares of the investment management company's stock worth $169,000 after buying an additional 657 shares during the period. Nixon Peabody Trust Co. increased its stake in shares of General American Investors by 10.9% in the first quarter. Nixon Peabody Trust Co. now owns 7,047 shares of the investment management company's stock valued at $412,000 after buying an additional 692 shares during the period. Quad Cities Investment Group LLC acquired a new stake in shares of General American Investors in the second quarter valued at about $207,000. First Trust Advisors LP raised its position in shares of General American Investors by 10.1% during the first quarter. First Trust Advisors LP now owns 42,898 shares of the investment management company's stock worth $2,508,000 after acquiring an additional 3,940 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of General American Investors during the second quarter worth about $265,000. 36.85% of the stock is owned by institutional investors.

General American Investors Company Profile

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