What the Options Market Tells Us About General Motors
Portfolio Pulse from Benzinga Insights
The options market shows a bearish sentiment towards General Motors (GM), with 45% of trades being bearish. The stock is currently priced at $47.88, up 2.15%, but analysts have mixed ratings with a consensus target of $43.0. Wells Fargo maintains an Underweight rating with a $33 target, while Deutsche Bank downgraded to Hold with a $53 target.
September 17, 2024 | 3:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
General Motors is experiencing a bearish sentiment in the options market, with 45% of trades being bearish. The stock is currently priced at $47.88, up 2.15%. Analysts have mixed ratings, with a consensus target price of $43.0. Wells Fargo maintains an Underweight rating with a $33 target, while Deutsche Bank downgraded to Hold with a $53 target.
The options market shows a bearish sentiment with 45% of trades being bearish, indicating potential downward pressure on GM's stock price. Despite a current price increase, analysts have mixed ratings, with a consensus target below the current price, suggesting limited upside potential. Wells Fargo's Underweight rating and Deutsche Bank's downgrade further support a cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100