Somewhat Favorable News Coverage Somewhat Unlikely to Impact General Motors (NYSE:GM) Share Price
Media headlines about General Motors (NYSE:GM) (TSE:GMM.U) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. General Motors earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the auto manufacturer an impact score of 45.1761085300016 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- GM to launch 15 new and redesigned models in China this year – Reuters (reuters.com)
- General Motors (GM) Set to Announce Earnings on Tuesday (americanbankingnews.com)
- GM testing autonomous technologies on Cadillac cars on Israeli roads – גלובס (globes.co.il)
- GM earnings: Will the good times keep on rolling? – MarketWatch (marketwatch.com)
GM has been the subject of several research analyst reports. Deutsche Bank restated a “buy” rating on shares of General Motors in a research report on Friday, November 17th. Vetr cut General Motors from a “buy” rating to a “hold” rating and set a $43.99 price target for the company. in a research report on Monday, November 13th. Royal Bank of Canada increased their price objective on General Motors from $44.00 to $51.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. UBS Group reissued a “buy” rating and issued a $50.00 price target (up from $39.00) on shares of General Motors in a research note on Wednesday, October 11th. Finally, BMO Capital Markets raised General Motors to a “market perform” rating and raised their price target for the stock from $41.00 to $48.00 in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.03.
In other General Motors news, insider Barry L. Engle II sold 50,443 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $43.08, for a total transaction of $2,173,084.44. Following the completion of the transaction, the insider now owns 57,091 shares in the company, valued at approximately $2,459,480.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark L. Reuss sold 30,000 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $43.09, for a total value of $1,292,700.00. Following the transaction, the insider now owns 103,052 shares of the company’s stock, valued at approximately $4,440,510.68. The disclosure for this sale can be found here. Insiders have sold a total of 168,847 shares of company stock valued at $7,363,108 in the last 90 days. Insiders own 0.04% of the company’s stock.
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About General Motors
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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