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General Motors (NYSE:GM) saw some unusual options trading on Friday. Investors purchased 25,068 call options on the company, Analyst Ratings Network.com reports. This is an increase of 119% compared to the average volume of 11,470 call options.
In other General Motors news, Insider Canada Gen Investment Corp unloaded 30,000,000 shares of General Motors stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $36.65, for a total value of $1,099,500,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of General Motors (NYSE:GM) in a research note to investors on Wednesday, September 11th. Separately, analysts at Deutsche Bank raised their price target on shares of General Motors (NYSE:GM) from $44.00 to $46.00 in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock.
Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. General Motors has an average rating of “Buy” and a consensus price target of $44.00.
General Motors (NYSE:GM) opened at 36.83 on Monday. General Motors has a 52 week low of $22.67 and a 52 week high of $37.88. The stock’s 50-day moving average is $35.64 and its 200-day moving average is $32.91. The company has a market cap of $50.978 billion and a price-to-earnings ratio of 13.19.
General Motors (NYSE:GM) last announced its earnings results on Thursday, July 25th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.09. The company had revenue of $39.10 million for the quarter, compared to the consensus estimate of $38.37 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts expect that General Motors will post $3.42 EPS for the current fiscal year.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.Image may be NSFW.
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