Shares of General Motors Company (GM) Sees Large Inflow of Net Money Flow

General Motors Company (GM) stock had a bullish inflow of $18.81 million worth of trades on uptick and an outflow of $14.03 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.34. The net money flow into the stock was $4.78 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $4.01 million. An inflow of $2.83 million block trade was recorded on downticks. $6.84 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 2.42 in favor of the bulls. However, General Motors Company (GM) stock traded down $0.04 , and reached $31.57, a drop of -0.11% over the previous day. On a weekly basis, the stock is -1.73%, over the previous weeks close.


General Motors Company has dropped 0.65% in the last five trading days, however, the shares have posted positive gains of 1.48% in the last 4 weeks. General Motors Company is up 14.6% in the last 3-month period. Year-to-Date the stock performance stands at -2.67%.

General Motors Company (GM) : 5 brokerage houses believe that General Motors Company (GM) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on General Motors Company (GM). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 2.14.

General Motors Company (NYSE:GM): The stock opened at $31.75 and touched an intraday high of $31.94 on Wednesday. During the day, the stock corrected to an intraday low of $31.54, however, the bulls stepped in and pushed the price higher to close in the green at $31.9 with a gain of 0.95% for the day. The total traded volume for the day was 10,713,565. The stock had closed at $31.6 in the previous trading session.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *