The stock of General Motors Company (NYSE:GM) is a huge mover today! About 8.82 million shares traded hands. General Motors Company (NYSE:GM) has risen 10.84% since April 11, 2016 and is uptrending. It has outperformed by 4.69% the S&P500.
The move comes after 8 months positive chart setup for the $54.50B company. It was reported on Nov, 11 by Barchart.com. We have $54.11 PT which if reached, will make NYSE:GM worth $32.70 billion more.
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. General Motors Company has been the topic of 37 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Jefferies initiated it with “Hold” rating and $33 target price in Tuesday, August 9 report. Morgan Stanley upgraded General Motors Company (NYSE:GM) rating on Friday, May 6. Morgan Stanley has “Equal-Weight” rating and $29 price target. Barclays Capital maintained the shares of GM in a report on Monday, September 21 with “Hold” rating. The rating was maintained by UBS with “Buy” on Friday, October 2. 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. The stock has “Neutral” rating given by Bank of America on Wednesday, October 26. The company was initiated on Wednesday, February 24 by Morgan Stanley. RBC Capital Markets maintained it with “Sector Perform” rating and $34 target price in Friday, July 22 report. The firm has “Buy” rating by UBS given on Thursday, October 22. The stock has “Neutral” rating given by Credit Suisse on Friday, July 24.
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 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.
Pitcairn Communications owns 35,726 shares or 0.13% of their US portfolio. Kanaly Trust Com has 0.01% invested in the company for 1,137 shares. Driehaus Capital Mngmt Ltd reported 638,789 shares or 0.64% of all its holdings. Arrow Corporation accumulated 1,750 shares or 0.01% of the stock. Lehman Resource has 0.89% invested in the company for 62,703 shares. Korea Invest has 693,500 shares for 0.12% of their US portfolio. The California-based Shelton Capital Mgmt has invested 0.03% in General Motors Company (NYSE:GM). The New Jersey-based Lord Abbett Lc has invested 0.17% in General Motors Company (NYSE:GM). Parkwood Limited Liability Company owns 179,710 shares or 0.85% of their US portfolio. Dai Ichi Life Co Limited holds 154,929 shares or 0.13% of its portfolio. The Michigan-based Northpointe Cap Lc has invested 0.42% in General Motors Company (NYSE:GM). The Michigan-based Clarkston Cap Prns Limited Liability Corp has invested 0.03% in General Motors Company (NYSE:GM). Gateway Investment Advisers Limited Com has 0.03% invested in the company for 116,212 shares. Cacti Asset Mgmt Ltd Com has 2.73% invested in the company for 891,545 shares. Mackenzie Corporation holds 0.02% of its portfolio in General Motors Company (NYSE:GM) for 108,526 shares.
More notable recent General Motors Company (NYSE:GM) news were published by: Cnbc.com which released: “General Motors plans to lay off 2000 employees at 2 US plants in early 2017” on November 09, 2016, also Forbes.com with their article: “General Motors Is Partnering With Uber For Its Car-Sharing Program” published on November 10, 2016, Fool.com published: “Ford Motor Company’s US Sales Are Slipping as General Motors Gains” on November 02, 2016. More interesting news about General Motors Company (NYSE:GM) were released by: Forbes.com and their article: “Is General Motors Looking To Expand “Maven” To China?” published on November 03, 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.
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.
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