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), with a bearish stance taken by a majority of investors. The trades have targeted a price range from $28.0 to $40.0 for GM over the last 3 months. The current price of GM is $33.45, down by 0.16%. RBC Capital has downgraded its action to Outperform with a price target of $48.
September 01, 2023 | 7:33 pm
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Unusual options activity has been observed for General Motors, with a bearish stance taken by a majority of investors. RBC Capital has downgraded its action to Outperform with a price target of $48.
The bearish stance taken by a majority of investors in the options market indicates a negative sentiment towards GM. This, coupled with the recent downgrade by RBC Capital, could potentially put downward pressure on GM's stock price in the short term.
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