General Motors Target of Unusually Large Options Trading (GM)
General Motors (NYSE:GM) was the target of unusually large options trading activity on Thursday. Stock traders acquired 17,686 put options on the company, Stock Ratings Network.com reports. This is an increase of 102% compared to the typical daily volume of 8,758 put options.
GM has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of General Motors (NYSE:GM) in a research note to investors on Thursday, September 26th. Finally, 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. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. General Motors currently has a consensus rating of “Buy” and a consensus price target of $44.00.
General Motors (NYSE:GM) traded down 1.81% on Thursday, hitting $35.29. 15,001,053 shares of the company’s stock traded hands. General Motors has a 52 week low of $23.19 and a 52 week high of $37.97. The stock has a 50-day moving average of $35.76 and a 200-day moving average of $33.44. The company has a market cap of $48.846 billion and a price-to-earnings ratio of 12.87.
General Motors (NYSE:GM) last announced its earnings results on Thursday, July 25th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.90 earnings per share. General Motors’s revenue was up 4.0% compared to the same quarter last year. Analysts expect that General Motors will post $3.43 EPS for the current fiscal year.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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