Smart Money Is Betting Big In General Motors Options
Portfolio Pulse from Benzinga Insights
Whales have taken a bearish stance on General Motors (NYSE:GM) with significant options activity. 50% of the trades were bearish, with a notable volume of puts and calls targeting a price range of $40.0 to $65.0. Analysts maintain a Buy rating with target prices between $61 and $75.
June 21, 2024 | 3:31 pm
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Whales have shown a bearish stance on General Motors with significant options activity. 50% of the trades were bearish, with a notable volume of puts and calls targeting a price range of $40.0 to $65.0. Analysts maintain a Buy rating with target prices between $61 and $75.
The significant bearish options activity indicates that large investors are expecting a decline in GM's stock price. Despite this, analysts maintain a Buy rating with high target prices, suggesting mixed sentiment. The short-term impact is likely negative due to the bearish options activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100