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Last Price: 39.63 - Change: 0.29 - Change %: 0.7372
02/23/2024 16:10:00 EST

General Motors Company (GM)

Industry: Auto Manufacturers

Price Support Resistance

In the past 20 trading days, GM has been trading in a range between $39.28 and $35.18 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

GM is trading below resistance at $40.50, about 2% to the upside. There is support at $36.54 -8% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

General Motors Company (GM) entered a Green zone 19 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $48.34, a potential upside of 21.98% from the recent price of 39.63. Our AI powered stock target predictor currently has a target price of $29.42 a potential move of -26%. The stock is trading 3.48% (potential upside) below its 52 week high of $41.01 and 51.09 % (potential downside) above its 52 week low of $26.23 - based on the recent price.

Company Summary

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.

GM Website

News

GM's Cruise plans to resume robotaxi testing: Report
General Motors' (GM) robotaxi service Cruise is preparing to resume testing of its autonomous driving systems across select US cities, according to Bloomberg. California suspended Cruise's license to operate following an incident with a pedestrian and one of the company's driverless cars.
Source: Yahoo Finance
Fri, 23 Feb 2024 18:30:09 -0500
Sentiment: Positive
Wall Street Favorites: 3 EV Stocks With Strong Buy Ratings for February 2024
Electric vehicle (EV) stocks took a hit in Q4 of 2023 as the long-term outlook for EV demand decreased. Many stocks that surged over the past three years now face price corrections as consumer values change.
Source: InvestorPlace
Fri, 23 Feb 2024 11:39:57 -0500
Sentiment: Positive
Wall Street Analysts Look Bullish on General Motors Company (GM): Should You Buy?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Source: Zacks Investment Research
Fri, 23 Feb 2024 10:30:26 -0500
Sentiment: Positive
GM Tries to Get Back Into Self-Driving Cars After Major Failure
The self-driving car business of General Motors Co. (NYSE: GM) seemed to have a permanent setback when one of its Cruise vehicles badly injured a woman in San Francisco last October 2.
Source: 24/7 Wall Street
Fri, 23 Feb 2024 07:15:53 -0500
Sentiment: Negative
EV Merger Ahead? Why GM Should Buy Rivian Today
Rivian needs cash and GM needs EVs. They're a perfect match.
Source: The Motley Fool
Fri, 23 Feb 2024 07:15:00 -0500
Sentiment: Positive
Instituions Institution %: 96.595
Last QTR Institution change: -931790

Insiders
Insiders %: 0.273
Insiders Purchases last QTR: 31000
Insiders Sales last QTR: 23126
Insiders Net last QTR: 7874

Analyst Ratings
Target Price: 48.34
Overall Rating: 4.1154
Strong Buys (5): 12
Buys (4): 7
Holds (3): 6
Sells (2): 0
Strong Sells (1): 1

Technicals
52 Week Hi: 41.0069
52 Week Low: 26.2251
Beta: 1.5
50 Day MA: 36.7062
200 Day MA: 34.2604

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.135
Qtr Revenue Growth YOY: -0.003
Forward PE: 4.4033
Trailing PE: 5.4139

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