General Motors Company (GM) : Traders are bullish on General Motors Company (GM) as it has outperformed the S&P 500 by a wide margin of 0.86% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.21%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.74% in the last 1 week, and is up 5.27% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.63% and the 50-Day Moving Average is 3.56%.
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 $30.82 and $30.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.77, notching a gain of 0.03% for the day. The total traded volume was 8,429,465 . The stock had closed at $30.76 on the previous day.
The company Insiders own 0.04% of General Motors Company shares according to the proxy statements. Institutional Investors own 73.95% of General Motors Company shares. During last six month period, the net percent change held by insiders has seen a change of -79.93%. In a related news, Deluca James B., officer (Executive Vice President) of General Motors Co, unloaded 10,374 shares at an average price of $31.48 on May 27, 2016. The total amount of the transaction was worth $326,574, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.