General Motors Company (GM) has risen sharply, recording gains of 3.84% in the past 4 weeks. However, the stock has corrected -2.35% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.32% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
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 $30.51 and $30.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.80, notching a gain of 1.52% for the day. The total traded volume was 13,135,880 . The stock had closed at $30.34 on the previous day.
The stock has recorded a 20-day Moving Average of 0.79% and the 50-Day Moving Average is 2.74%. General Motors Company is up 0.75% in the last 3-month period. Year-to-Date the stock performance stands at -7.14%.
General Motors Company (GM) : The most positive equity analysts on General Motors Company (GM) expects the shares to touch $50, whereas, the least positive believes that the stock will trade at $29 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $38.08 with an expected fluctuation of $6.05 from the mean.
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.