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

Garrett Motion Inc. (NYSE:GTX) shares 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 traded.

Separately, BWS Financial began coverage on shares of Garrett Motion in a research note on Thursday, June 3rd. They issued a “buy” rating for the company.

The company has a 50-day moving average price of $6.27. The firm has a market cap of $605.75 million, a PE ratio of -7.53 and a beta of 2.25.

In related news, major shareholder Value Master Fund Lp Attestor sold 101,400 shares of the firm’s stock in a transaction on Monday, June 7th. The shares were sold at an average price of $8.08, for a total transaction of $819,312.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Fabrice Spenninck purchased 5,000 shares of Garrett Motion stock in a transaction on Monday, May 17th. The stock was bought at an average price of $6.25 per share, for a total transaction of $31,250.00. Following the completion of the acquisition, the senior vice president now owns 10,000 shares in the company, valued at approximately $62,500. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 31,800 shares of company stock worth $195,969 and sold 470,472 shares worth $3,970,576. 0.89% of the stock is currently owned by insiders.

A hedge fund recently bought a new stake in Garrett Motion stock. Tudor Investment Corp Et Al acquired a new position in Garrett Motion Inc. (NYSE:GTX) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 36,738 shares of the company’s stock, valued at approximately $191,000. 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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