Looking At General Motors's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for General Motors (NYSE:GM), indicating a bullish stance by a large investor or institution. The sentiment among these big-money traders is split between 56% bullish and 43% bearish. The targeted price range for GM over the last 3 months has been $37.0 to $45.0. The current price of GM is up 2.01% at $40.77. Analysts from Jefferies, Morgan Stanley, Citigroup, Barclays, and Wells Fargo have maintained their ratings on GM, with price targets ranging from $32 to $89.
July 12, 2023 | 3:31 pm
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Unusual options activity indicates a bullish stance on General Motors. The sentiment among big-money traders is split, with a slight lean towards bullish. Analysts have maintained their ratings, with varied price targets.
The unusual options activity, particularly the bullish stance, indicates that there is significant interest and potential movement expected for GM. This, combined with the maintained ratings from analysts, suggests a positive short-term impact on GM's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100