This Is What Whales Are Betting On General Motors
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on General Motors (NYSE:GM) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $27.0 to $47.0 for General Motors over the last 3 months. The current price of GM is down -1.39% at $33.69. Several financial institutions have given their ratings and price targets for GM.
August 11, 2023 | 6:45 pm
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A large investor has taken a bearish stance on General Motors, with the sentiment among big-money traders being more bearish than bullish. The current price of GM is down, and several financial institutions have given their ratings and price targets.
The bearish stance taken by a large investor, along with the more bearish sentiment among big-money traders, indicates a potential downward pressure on GM's stock price. The current price is already down, and while some financial institutions have given high price targets, the overall sentiment seems to be bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100