Check Out What Whales Are Doing With General Motors
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on General Motors (NYSE:GM), with 53% of recent trades being bearish and 46% bullish. The majority of these trades are puts, totaling $605,692, compared to calls totaling $156,926. Whales have been targeting a price range of $25.0 to $45.0 for GM over the last 3 months. The current price of GM is $28.65, up 0.32%. Analysts have mixed opinions, with CFRA and Benchmark rating it as 'Sell' and 'Buy' respectively, and Goldman Sachs, Barclays, and Citigroup maintaining their 'Buy' ratings.
October 25, 2023 | 4:31 pm
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Bearish stance taken on General Motors with majority of trades being puts. Analysts have mixed opinions on the stock.
The bearish stance taken by a significant investor, indicated by the majority of trades being puts, could potentially drive the stock price down in the short term. The mixed analyst opinions add uncertainty to the stock's outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100