General Motors Company (GM) has been under a strong bear grip, hence the stock is down -1.4% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.86% in the past 1 week. The stock has risen by 0.82% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.03% in the past 4 weeks.
General Motors Company is up 5.45% in the last 3-month period. Year-to-Date the stock performance stands at -4.03%. The stock has recorded a 20-day Moving Average of 1.53% and the 50-Day Moving Average is 5.31%.
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 $31.48 and $31.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.83, notching a gain of 0.89% for the day. The total traded volume was 8,809,747 . The stock had closed at $31.55 on the previous day.
Also, Jefferies initiates coverage on General Motors Company (NYSE:GM) In a research note issued to the investors, the brokerage major announces price-target of $33 per share.The shares have been rated Hold. The rating by the firm was issued on August 9, 2016.
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.