What’s Ahead for General Motors Company After Today’s Bullish Options Activity?

 What's Ahead for General Motors Company After Today's Bullish Options Activity?

In today’s session General Motors Company (GM) registered an unusually high (1,602) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious GM increase. With 1,602 contracts traded and 37324 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: GM161021C00031000 closed last at: $0.76 or 15.6% down. About 3.01M shares traded hands. General Motors Company (NYSE:GM) has risen 2.21% since March 14, 2016 and is uptrending. It has underperformed by 3.40% the S&P500.

Analysts await General Motors Company (NYSE:GM) to report earnings on October, 19. They expect $1.43 EPS, down 4.67% or $0.07 from last year’s $1.5 per share. GM’s profit will be $2.26B for 5.54 P/E if the $1.43 EPS becomes a reality. After $1.86 actual EPS reported by General Motors Company for the previous quarter, Wall Street now forecasts -23.12% negative EPS growth.

General Motors Company (NYSE:GM) Ratings Coverage

Out of 14 analysts covering General Motors Company (NYSE:GM), 8 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 57% are positive. General Motors Company has been the topic of 36 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Friday, May 6, the company rating was upgraded by Morgan Stanley. The rating was initiated by Piper Jaffray on Friday, June 10 with “Overweight”. RBC Capital Markets maintained the shares of GM in a report on Friday, July 22 with “Sector Perform” rating. Credit Suisse upgraded the shares of GM in a report on Friday, July 24 to “Neutral” rating. Morgan Stanley initiated General Motors Company (NYSE:GM) rating on Wednesday, February 24. Morgan Stanley has “Underweight” rating and $26 price target. The stock of General Motors Company (NYSE:GM) earned “Strong Buy” rating by S&P Research on Friday, September 18. Morgan Stanley reinitiated General Motors Company (NYSE:GM) on Monday, August 24 with “Underweight” rating. The firm has “Hold” rating given on Tuesday, August 11 by Vetr. The firm earned “Buy” rating on Tuesday, August 9 by Seaport Global. RBC Capital Markets maintained General Motors Company (NYSE:GM) rating on Friday, July 24. RBC Capital Markets has “Sector Perform” rating and $38 price target.

According to Zacks Investment Research, “General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. Its business is organized into three geographically-based segments- General Motors North America (GMNA), General Motors International Operations (GMIO) and General Motors Europe (GME). General Motors Company is headquartered in Detroit, Michigan, the United States of America.”

Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.03, from 1.12 in 2016Q1. The ratio turned negative, as 85 funds sold all General Motors Company shares owned while 275 reduced positions. 66 funds bought stakes while 326 increased positions. They now own 1.08 billion shares or 4.97% less from 1.13 billion shares in 2016Q1.
Citadel Advsr Limited has 0.21% invested in the company for 6.75 million shares. Henderson Grp Public Limited Company accumulated 173,440 shares or 0.04% of the stock. Hartford Fincl has invested 0% of its portfolio in General Motors Company (NYSE:GM). Schwab Charles Management has 0.15% invested in the company for 4.28M shares. Hightower Limited Co has 288,117 shares for 0.1% of their US portfolio. Beacon Capital Management Incorporated reported 12 shares or 0% of all its holdings. Whitnell last reported 32 shares in the company. Premier Asset Managment Ltd holds 0.19% or 25,585 shares in its portfolio. Banced accumulated 1.86% or 33,069 shares. Sigma Planning last reported 14,763 shares in the company. Blb&B Advisors Limited Liability Company has invested 0.41% of its portfolio in General Motors Company (NYSE:GM). State Treasurer State Of Michigan last reported 0.11% of its portfolio in the stock. Pinebridge Invs Limited Partnership owns 23,747 shares or 0.03% of their US portfolio. Kingstown Cap Mngmt L P last reported 6.42% of its portfolio in the stock. Css Limited Liability Corp Il last reported 0.11% of its portfolio in the stock.

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The company has a market cap of $50.09 billion. The Firm provides automotive financing services through General Motors Financial Company, Inc. . It has a 4.06 P/E ratio. The Company’s divisions include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.

GM Company Profile

General Motors Company, incorporated on August 11, 2009, designs, manufactures and sells cars, trucks, crossovers and automobile parts. The Firm provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). The Company’s divisions include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial. The GMNA segment offers vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC brands in North America. The Firm offers vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall brands outside North America.

More notable recent General Motors Company (NYSE:GM) news were published by: Fool.com which released: “Better Buy: General Motors Company vs. Ford” on October 11, 2016, also Fortune.com with their article: “GM Invests in Chinese Startup Focused on Car Rental Technology” published on October 11, 2016, Fool.com published: “Is Ford Motor Company Falling a Step Behind Rival General Motors?” on October 08, 2016. More interesting news about General Motors Company (NYSE:GM) were released by: Profitconfidential.com and their article: “General Motors Company: GM stock has Some Serious Upside” published on October 09, 2016 as well as Investorplace.com‘s news article titled: “General Motors Company Has 20% Upside, Analyst Says (GM)” with publication date: September 19, 2016.

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