Garrett Motion (NYSE:GTX) Shares Gap Up to $7.68

Garrett Motion Inc. (NYSE:GTX)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $7.68, but opened at $7.98. Garrett Motion shares last traded at $7.99, with a volume of 300 shares changing hands.

Separately, BWS Financial initiated coverage on shares of Garrett Motion in a report on Thursday, June 3rd. They issued a “buy” rating on the stock.

The firm has a market capitalization of $605.75 million, a P/E ratio of -7.53 and a beta of 2.25. The company’s fifty day simple moving average is $6.27.

In other Garrett Motion news, SVP Fabrice Spenninck acquired 5,000 shares of the company’s stock in a transaction on Wednesday, May 12th. The stock was acquired at an average price of $5.95 per share, for a total transaction of $29,750.00. Following the acquisition, the senior vice president now owns 5,000 shares in the company, valued at approximately $29,750. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Value Master Fund Lp Attestor sold 257,700 shares of Garrett Motion stock in a transaction that occurred on Friday, May 28th. The stock was sold at an average price of $8.56, for a total value of $2,205,912.00. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 31,800 shares of company stock worth $195,969 and sold 470,472 shares worth $3,970,576. 0.89% of the stock is owned by insiders.

A hedge fund recently bought a new stake in Garrett Motion stock. Amundi Pioneer Asset Management Inc. bought a new stake in Garrett Motion Inc. (NYSE:GTX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,666 shares of the company’s stock, valued at approximately $98,000. Institutional investors own 1.06% of the company’s stock.

Garrett Motion Company Profile (NYSE:GTX)

Garrett Motion Inc designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers, and vehicle independent aftermarkets worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers; and automotive software solutions.

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