General American Investors (NYSE:GAM) Stock Passes Below Fifty Day Moving Average of $34.51

General American Investors Company Inc (NYSE:GAM) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $34.51 and traded as low as $35.24. General American Investors shares last traded at $35.29, with a volume of 9,146 shares changing hands.

The firm’s fifty day moving average price is $34.51.

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewSquare Capital LLC acquired a new position in shares of General American Investors in the 1st quarter valued at about $25,000. Enterprise Financial Services Corp acquired a new position in shares of General American Investors in the 1st quarter valued at about $32,000. CWM LLC acquired a new position in shares of General American Investors in the 1st quarter valued at about $156,000. First Republic Investment Management Inc. acquired a new position in shares of General American Investors in the 1st quarter valued at about $216,000. Finally, Raymond James Trust N.A. acquired a new position in General American Investors during the 1st quarter valued at about $218,000. 22.77% of the stock is owned by institutional investors and hedge funds.

About General American Investors (NYSE:GAM)

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets. It invests in growth stocks of companies. The firm employs fundamental analysis with a bottom-up stock picking approach to make its investments. General American Investors Company, Inc was founded in 1927 and is based in New York, New York.

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