This Is What Whales Are Betting On General Motors
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on General Motors (NYSE:GM), as evidenced by a significant position in the company's options. The sentiment among these big-money traders is split evenly between bullish and bearish. The whales have been targeting a price range from $23.0 to $50.0 for General Motors over the last 3 months. The price of GM is currently up 1.18% at $39.42, with the next earnings expected to be released in 20 days.
July 05, 2023 | 8:46 pm
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A large investor has taken a bullish stance on General Motors, with a significant options position. The sentiment among these big-money traders is split evenly between bullish and bearish. The price of GM is currently up 1.18% at $39.42.
The news of a large investor taking a bullish stance on General Motors, as evidenced by a significant options position, is likely to have a positive impact on the company's stock in the short term. The fact that the price of GM is currently up also supports this. However, the sentiment among these big-money traders is split evenly between bullish and bearish, which introduces some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100