This Is What Whales Are Betting On General Motors
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on General Motors (NYSE:GM), with 66% of recent trades being bearish. The targeted price range for GM over the last 3 months is $20.0 to $41.0. The current price of GM is down -3.22% at $38.71. Analysts from Citigroup, Jefferies, Morgan Stanley, Wells Fargo, and Barclays have maintained their ratings on GM, with price targets ranging from $32 to $89.
July 17, 2023 | 3:31 pm
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Bearish stance taken on General Motors with 66% of recent trades being bearish. Analysts maintain ratings with price targets from $32 to $89.
The bearish stance taken by a significant investor, along with the current price drop, indicates a potential short-term negative impact on GM's stock. However, the maintained ratings from analysts suggest a mixed outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100