GAM Stock Summary and Trading Ideas (General American Investors | NYSE:GAM)

The primary investment objective of the Company is long-term capital appreciation with lesser emphasis on current income. The fund will focus on equity securities with growth potential at reasonable valuations.

General American Investors trades on the NYSE stock market under the symbol GAM.

As of April 19, 2024, GAM stock price declined to $44.79 with 9,409 million shares trading.

GAM has a beta of 0.98, meaning it tends to be less sensitive to market movements. GAM has a correlation of 0.74 to the broad based SPY ETF.

GAM has a market cap of $1.06 billion. This is considered a Small Cap stock.

In the last 3 years, GAM stock traded as high as $46.81 and as low as $33.23.

GAM stock has underperformed the market in the last year with a return of +20.9%, while SPY returned +21.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GAM shares. However, GAM has outperformed the market in the last 3 month and 2 week periods, returning +5.4% and -2.2%, while SPY returned +4.8% and -2.9%, respectively. This indicates GAM has been having a stronger performance recently.

GAM support price is $44.46 and resistance is $45.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GAM stock will trade within this expected range on the day.