General American Investors (GAM) Receiving Somewhat Positive News Coverage, Report Finds
Media coverage about General American Investors (NYSE:GAM) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. General American Investors earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 46.1081269049814 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of General American Investors (GAM) opened at 34.30 on Friday. The company’s 50-day moving average is $34.77 and its 200-day moving average is $33.88. The stock has a market cap of $919.62 million, a PE ratio of 6.05 and a beta of 1.19. General American Investors has a 52-week low of $28.72 and a 52-week high of $35.40.
In other news, CEO Jeffrey W. Priest purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was bought at an average price of $34.18 per share, for a total transaction of $51,270.00. Following the completion of the purchase, the chief executive officer now directly owns 70,139 shares of the company’s stock, valued at $2,397,351.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.68% of the stock is owned by insiders.
General American Investors Company Profile
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