General Motors Company (GM) : 12 investment research analysts covering General Motors Company (GM) have an average price target of $37.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $50 and the lowest target is $29 for the short term. Analysts expect the variance to be within $6.21 of the average price.
General Motors Company (GM) stated loss of 94,848 shares or 0.3% in the short interest. The short interest registered from 32,345,398 on June 15,2016 to 32,250,550 on June 30,2016. In terms of floated shares, the shorted positions stood at 2.3%. The stock has been averaging 13,837,857 shares daily in trading and would need 2 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Piper Jaffray initiates coverage on General Motors Company (NYSE:GM).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Piper Jaffray announces the price target of $41 per share. The rating by the firm was issued on June 9, 2016.
General Motors Company (NYSE:GM): stock turned positive on Thursday. Though the stock opened at $30.88, the bulls momentum made the stock top out at $31.05 level for the day. The stock recorded a low of $30.6 and closed the trading day at $30.76, in the green by 0.42%. The total traded volume for the day was 11,306,401. The stock had closed at $30.63 in the previous days trading.
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.