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 53% of investors opening trades with bearish expectations. The majority of spotted trades are puts, totaling $874,800, while calls total $69,214. Whales have been targeting a price range from $26.0 to $45.0 for GM over the last 3 months. UBS has upgraded its action to Buy with a price target of $44.
September 27, 2023 | 7:00 pm
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Bearish stance taken by a significant investor on General Motors. Majority of trades are puts, with a targeted price range of $26-$45. UBS upgrades GM to Buy.
The bearish stance taken by a significant investor, along with the majority of trades being puts, indicates a potential downward pressure on GM's stock price. However, UBS's upgrade to Buy could counteract this to some extent.
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IMPORTANCE 80
RELEVANCE 100