Looking At General Motors's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown unusual bearish options activity towards General Motors (NYSE:GM), with 62% of the trades being bearish. This significant move suggests potential upcoming volatility for GM. Analysts have mixed ratings, with target prices ranging from $32 to $75.
June 27, 2024 | 5:03 pm
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General Motors has seen significant bearish options activity, with 62% of the trades being bearish. This suggests potential short-term volatility. Analysts have mixed ratings, with target prices ranging from $32 to $75.
The unusual bearish options activity, with 62% of the trades being bearish, indicates that significant investors are expecting a decline in GM's stock price. This, combined with mixed analyst ratings, suggests potential short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100