General Motors Target of Unusually Large Options Trading (GM)
Shares of General Motors (NYSE:GM) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 13,136 put options on the stock, StockRatingsNetwork reports. This is an increase of approximately 112% compared to the typical daily volume of 6,210 put options.
In other General Motors news, Insider Canada Gen Investment Corp sold 30,000,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $36.65, for a total transaction of $1,099,500,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on GM shares. Analysts at TheStreet reiterated a “buy” rating on shares of General Motors (NYSE:GM) in a research note to investors on Wednesday, September 11th. Separately, analysts at Deutsche Bank raised their price target on shares of General Motors (NYSE:GM) from $44.00 to $46.00 in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock.
Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $44.00.
Shares of General Motors (NYSE:GM) opened at 37.13 on Tuesday. General Motors has a 1-year low of $22.67 and a 1-year high of $37.88. The stock has a 50-day moving average of $35.6 and a 200-day moving average of $33.05. The company has a market cap of $51.393 billion and a P/E ratio of 13.30.
General Motors (NYSE:GM) last released its earnings data on Thursday, July 25th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.09. The company had revenue of $39.10 million for the quarter, compared to the consensus estimate of $38.37 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that General Motors will post $3.42 EPS for the current fiscal year.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.