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 majority of investors taking a bearish stance. The targeted price range for GM over the last 3 months has been between $25.0 and $35.0. The current price of GM is down by 1.43% at $31.03. Analysts from UBS, Citigroup, and Wells Fargo have maintained their Buy and Underweight ratings respectively, while CFRA has upgraded its action to Sell.
October 11, 2023 | 8:33 pm
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Bearish options activity and mixed analyst ratings could lead to volatility in GM's stock price.
The unusual options activity, with a majority of investors taking a bearish stance, combined with mixed analyst ratings, could lead to increased volatility in GM's stock price. However, the exact direction of the price movement is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100