This Is What Whales Are Betting On General Motors
Portfolio Pulse from Benzinga Insights
A large bearish position on General Motors (NYSE:GM) has been spotted on Benzinga's options scanner, with 12 uncommon options trades identified. The sentiment of these big-money traders is split between 41% bullish and 58% bearish, targeting a price range of $30 to $45 for GM over the last 3 months.
May 31, 2023 | 3:31 pm
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A large bearish position has been identified on General Motors (NYSE:GM), with big-money traders sentiment split between 41% bullish and 58% bearish, targeting a price range of $30 to $45.
The large bearish position on General Motors indicates that a significant investor or institution believes the stock price will decline in the short term. The sentiment of big-money traders being split between 41% bullish and 58% bearish suggests that there is uncertainty in the market, which could lead to increased volatility and downward pressure on the stock price. The targeted price range of $30 to $45 over the last 3 months also indicates that the stock may experience fluctuations within this range.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100