Check Out What Whales Are Doing With General Motors
Portfolio Pulse from Benzinga Insights
A large bearish position on General Motors (NYSE:GM) has been spotted, with 75% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $33.0 to $39.0 for GM over the last 3 months. Citigroup maintains a Buy rating on GM with a price target of $85.
June 05, 2023 | 2:48 pm
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A large bearish position has been spotted on General Motors, with 75% of big-money traders showing bearish sentiment. Citigroup maintains a Buy rating on GM with a price target of $85.
The large bearish position indicates that big-money traders believe GM's stock price may decline in the short term. This could negatively impact the stock price. However, Citigroup's Buy rating and $85 price target suggest a longer-term positive outlook for the company.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100