Why These Defense Stocks Are Declining This Week

8. General Dynamics Corporation (NYSE:GD)

Weekly Decline: -3.51%

General Dynamics Corporation (NYSE:GD) is a leading global aerospace and defense company. It is among the defense stocks that are declining this week.

The stock has registered robust gains over the past month following the Q4 2024 earnings call in which General Dynamics Corporation (NYSE:GD) reported revenue and earnings growth across segments. Investor sentiment was also bolstered after the company, on March 5, declared a 5.6% hike in its quarterly dividend.

However, shares have fallen by 3.51% over the past week. According to a report, General Dynamics Corporation (NYSE:GD)’s senior vice president, Marguerite Amy Gilliland, sold a substantial amount of the company’s shares – valued at approximately $7.5 million – on March 10. This is likely to have triggered the fall.