General Dynamics Corporation (NYSE:GD) traded at a new 52-week high today of $232.98. This new high was reached on below average trading volume as 824,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.
General Dynamics is a defense contractor and business jet manufacturer. The firm’s segments include aerospace, combat systems, marine, and technologies. The company’s aerospace segment creates Gulfstream business jets. Combat systems produces land-based combat vehicles, such as the M1 Abrams tank. The marine subsegment creates nuclear-powered submarines, among other things. The technologies segment contains two business units, an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computers, intelligence, surveillance, and reconnaissance capabilities to the military.
General Dynamics Corporation (NYSE:GD) defies analysts with a current price ($231.48) 1.7% above its average consensus price target of $227.53.
Over the past year, General Dynamics Corporation has traded in a range of $163.12 to $232.98 and is now at $231.48, 42% above that low.
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