What’s in General Motors Company After Today’s Bearish Options Activity?

 What's in General Motors Company After Today's Bearish Options Activity?

In today’s session General Motors Company (GM) recorded an unusually high (863) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious GM decrease. With 863 contracts traded and 50524 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: GM161118P00031000 closed last at: $0.69 or 35.3% up. About 3.55M shares traded hands. General Motors Company (NYSE:GM) has risen 5.27% since April 5, 2016 and is uptrending. It has outperformed by 3.31% the S&P500.

General Motors Company (NYSE:GM) Ratings Coverage

Out of 15 analysts covering General Motors Company (NYSE:GM), 8 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 53% are positive. $57 is the highest target while $26 is the lowest. The $39.28 average target is 22.94% above today’s ($31.95) stock price. General Motors Company has been the topic of 37 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, September 20 by Nomura. The firm earned “Equal-Weight” rating on Friday, May 6 by Morgan Stanley. As per Friday, October 2, the company rating was maintained by UBS. UBS maintained the shares of GM in a report on Thursday, October 22 with “Buy” rating. The stock of General Motors Company (NYSE:GM) has “Underweight” rating given on Monday, August 24 by Morgan Stanley. As per Friday, September 18, the company rating was maintained by S&P Research. The rating was maintained by Barclays Capital on Monday, September 21 with “Hold”. RBC Capital Markets maintained it with “Sector Perform” rating and $38 target price in Friday, July 24 report. On Friday, July 22 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of General Motors Company (NYSE:GM) earned “Neutral” rating by Bank of America on Wednesday, October 26.

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 2016 Q2. Its down 0.03, from 1.12 in 2016Q1. The ratio worsened, 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.
Tradewinds Global Investors Limited holds 558,733 shares or 1.03% of its portfolio. Elkhorn Partnership reported 10,900 shares or 0.2% of all its holdings. Lombard Odier Asset Mngmt (Switzerland) Sa has 0.11% invested in the company for 29,716 shares. Valley Natl Advisers has 257 shares for 0% of their US portfolio. Mitsubishi Ufj Tru And Corp owns 3.12M shares or 0.19% of their US portfolio. Pitcairn Com has 0.13% invested in the company for 35,726 shares. Mariner Wealth Advsr Ltd Liability holds 0.03% or 17,304 shares in its portfolio. First Foundation accumulated 18,203 shares or 0.04% of the stock. Mckinley Cap Management Ltd Co Delaware accumulated 0% or 610 shares. Tcw Grp Inc last reported 123,207 shares in the company. Moreover, Global Thematic Prtn Lc has 2.49% invested in General Motors Company (NYSE:GM) for 3.55M shares. Aqr Cap Mngmt Ltd Liability Com has invested 0.31% of its portfolio in General Motors Company (NYSE:GM). Moreover, Vanguard Gru has 0.15% invested in General Motors Company (NYSE:GM) for 86.21 million shares. Atalanta Sosnoff Ltd accumulated 88,433 shares or 0.08% of the stock. Pekin Singer Strauss Asset Il last reported 0.34% 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 $48.48 billion. The Firm provides automotive financing services through General Motors Financial Company, Inc. . It has a 3.66 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: “Ford Motor Company’s US Sales Are Slipping as General Motors Gains” on November 02, 2016, also Forbes.com with their article: “Is General Motors Looking To Expand “Maven” To China?” published on November 04, 2016, Fool.com published: “Better Buy: General Motors Company vs. Ford” on October 11, 2016. More interesting news about General Motors Company (NYSE:GM) were released by: Fortune.com and their article: “GM Invests in Chinese Startup Focused on Car Rental Technology” published on October 11, 2016 as well as Valuewalk.com‘s news article titled: “General Motors Company Beats Earnings Estimates, Sprint Corp’s Losses Narrow” with publication date: October 25, 2016.

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