Stocks of General Motors Company (NYSE:GM) rallied by 0.59% during the past week but lost 4.38% on a 4-week basis. The company has outperformed the S&P 500 by 1.79% in the past week but underperformed the index by 5.26% in the last 4 weeks.
General Motors Company (NYSE:GM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.14 and $29.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.23, notching a gain of 0.72% for the day. The total traded volume was 12,707,391 . The stock had closed at $29.02 on the previous day.
The company shares have dropped -19.23% from its 1 Year high price. On Nov 30, 2015, the shares registered one year high at $36.88 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $30.44 and the 200 Day Moving Average price is recorded at $31.06.
On the companys insider trading activities,The officer (Executive Vice President) of General Motors Co, Deluca James B. sold 10,374 shares at $31.48 on May 27, 2016. The Insider selling transaction had a total value worth of $326,574. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Piper Jaffray initiates coverage on General Motors Company (NYSE:GM). The shares have now been rated Overweight by the stock experts at the ratings house. Piper Jaffray announces the current price target of $41 per share on General Motors Company. The rating by the firm was issued on June 9, 2016. Currently the company Insiders own 0.04% of General Motors Company shares according to the proxy statements. Institutional Investors own 74.58% of General Motors Company shares. During last six month period, the net percent change held by insiders has seen a change of -79.93%.
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.