General Dynamics Shares Soar 12.56% in Five Days on Army Contract Hopes

General Dynamics (GD) shares surged 0.77% today, marking the fifth consecutive day of gains, with a 12.56% increase over the past five days. The stock price reached its highest level since December 2024, with an intraday gain of 1.35%.

Analysts have shown optimism towards General Dynamics, with Susquehanna increasing the price target from $300.00 to $315.00 and maintaining a "positive" rating as of April 2, 2025. This adjustment has likely contributed to the positive investor sentiment and the stock's recent performance.

General Dynamics' stock has outperformed its competitors on a strong trading day reported on April 11, 2025. This robust market activity has potentially boosted investor confidence in the company's future prospects.

The US Army's plans to award a contract as early as May for General Dynamics Land Systems (GDLS) to pursue new capabilities for a modernized Abrams tank have also positively impacted the stock. This upcoming contract could significantly enhance future revenue and market perception, further driving investor interest in the company.