General Dynamics Corporation (GD) Dips 3.27% for December 17

Equities Staff  |

Among the S&P 500’s biggest fallers on Monday December 17 was General Dynamics Corporation (GD). The stock experienced a 3.27% decline to $163.45 with 2.39 million shares changing hands.

General Dynamics Corporation started at an opening price of 168.59 and hit a high of $168.84 and a low of $162.47. Ultimately, the stock took a hit and finished the day at $5.52 per share. General Dynamics Corporation trades an average of 1.46 million shares a day out of a total 296.15 million shares outstanding. The current moving averages are a 50-day SMA of $182.82 and a 200-day SMA of $197.22. General Dynamics Corporation hit a high of $230.00 and a low of $164.76 over the last year.

Falls Church, Virginia-based General Dynamics manufactures submarines, armored vehicles, information technology systems, and business jets. It operates its businesses in decentralized manner, and following the acquisition of CSRA, which closed during the second quarter of 2018, General Dynamics operates five segments: aerospace (24% of pro forma sales), combat systems (16%), marine systems (23%), information technology (25%), and mission systems (12%). Based on the new revenue recognition standard, the firm generated $30.9 billion in 2017 sales.

With its headquarters located in Falls Church, VA, General Dynamics Corporation employs 98,600 people. After today’s trading, the company’s market cap has fallen to $48.41 billionAs for its value, has a P/E ratio of <16.5, a P/S of 1.47, a P/B of 3.8, and a P/FCF of -5.8.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on General Dynamics Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: GD’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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