Shares of General Motors Company (GM) Sees Large Outflow of Money

General Motors Company (GM) : Wednesdays money flow analysis of General Motors Company (GM) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $93.81 million. In comparison, the inflow of money on upticks was a meager $72.04 million. The dollar value of composite uptick trades minus the downtick trades was negative $21.77 million. The uptick to downtick ratio of 0.77 in the money flow shows weakness. The uptick block trades were valued at $6.32 million. The downtick transaction value was high at $25.36 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.25. Hence, the net money flow in the stock was negative ($19.03 million). General Motors Company (GM) gained $0.24 at $31.49, a change of 0.77% over the previous days close.

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Also, Piper Jaffray initiates coverage on General Motors Company (NYSE:GM). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Piper Jaffray announces a current price target of $41 per share. The rating by the firm was issued on June 9, 2016.

General Motors Company (NYSE:GM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.42 and $31.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.49, notching a gain of 0.77% for the day. The total traded volume was 20,923,034 . The stock had closed at $31.25 on the previous day.

The stock has recorded a 20-day Moving Average of 7.18% and the 50-Day Moving Average is 5.85%. In a related news, Deluca James B., officer (Executive Vice President) of General Motors Co, unloaded 10,374 shares at an average price of $31.48 on May 27, 2016. The total amount of the transaction was worth $326,574, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

General Motors Company (General Motors) designs, builds and sells cars, trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). The Companys four automotive segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA). The Company also sells cars and trucks to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. The Company offers 13 FlexFuel vehicles in the United States for the 2015 model year plus an additional four models to fleet and commercial customers capable of operating on gasoline, E85 ethanol or any combination of the two.

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