Large Outflow of Money Witnessed in General Motors Company

General Motors Company (GM) : Money flow in the General Motors Company (GM) stock was negative (11.47 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $69.18 million, compared to $80.65 million on downticks. The total uptick to downtick ratio was 0.86, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($8.98 million), indicating selling on the strength. The transaction value during uptick in block trades was $20.01 million. Downtick transaction value in block trades amounted to $28.99 million, indicating persistent selling. The uptick to downtick ratio was 0.69. General Motors Company (GM) traded $0.13 higher at $32.16 gaining 0.41% over the previous days close.


General Motors Company (GM) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $50 and the lowest price target forecast is $29. The average forecast of all the analysts is $37.92 and the expected standard deviation is $6.17.

General Motors Company (NYSE:GM): stock turned positive on Friday. Though the stock opened at $32.1, the bulls momentum made the stock top out at $32.24 level for the day. The stock recorded a low of $31.72 and closed the trading day at $32.16, in the green by 0.41%. The total traded volume for the day was 13,305,449. The stock had closed at $32.03 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of General Motors Co, Deluca James B. had sold 10,374 shares worth of $326,574 in a transaction dated May 27, 2016. In this transaction, 10,374 shares were sold at $31.48 per share.

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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