General Motors Company (NYSE:GM) registered a 0.43% increase, still its new closing price is 47.26% up from the company’s 1 year high of 38.16.It posted 0.32% gains in previous 5 sessions and is now the subject of 13 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 1 sells versus 3 buy or better ratings. The 23 stock analysts following this company have an average price target at $37.62, with individual PT in the $29.00-$50.00 range. The shares moved at $37.47, implying that brokerage firms see shares gaining about 33.69% in twelve months time.
General Motors Company (GM) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 7.55% rise year to date. A Executive Vice President at General Motors Company (GM) offloaded shares in a transaction closed on Monday January 09, 2017. Jacoby Stefan sold 2,540 shares in the company at $36.12 each and collected $91,001 in proceeds. Jacoby Stefan now owns 16,230 shares in the company after this transaction. A President in the company, Ammann Daniel, disclosed a transaction on Friday December 09, 2016 that ended up generating $370,000 from the sale of 10,000 shares at $37 per share.
General Motors Company (NYSE:GM) Upcoming Results on Tap
General Motors Company will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $1.81 in that period. Sales during the quarter are predicted to arrive at $38.44 billion.
Earnings surprise history: Last quarter, the company posted approximately $42.83 billion in revenue and EPS of $1.72. The mean forecast was for $39.29 billion and $1.45 a share, respectively. One quarter earlier, revenue for the stock was at $42.37 billion, with earnings at $1.86/share.
General Motors Company (GM) Brokerage Update
General Motors Company (GM) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by BofA/Merrill, according to news reported on Wednesday October 26, 2016.Another important research note was issued by Morgan Stanley on Monday September 19, 2016.The firm upgraded GM to Overweight from Equal-Weight. Over the last six months and over the last three months, the shares of General Motors Company (GM), have changed 22.66% and 20.01%, respectively.
General Motors Company (NYSE:GM) on January 12, 2017 reported that the company launched its second annual Discover Your Drive diversity journalism program Jan. 7-11, hosting 13 college students and nine journalists from across the country at Detroit’s North American International Auto Show. Students from diverse backgrounds participated in the program, which promotes diversity in automotive journalism and news coverage.
Discover Your Drive began Saturday and concluded Wednesday with an awards presentation recognizing students for their work at NAIAS as well as their social media presence during a scavenger hunt through Detroit. Students used the new, award-winning all-electric Chevrolet Bolt EV, named 2017’s NAIAS Car of Year, and OnStar technology to find their way around the city. They posted about their adventures on Twitter tagging @GM_Diversity using the hashtag #DiscoverYourDrive.
One student demonstrated that drive by chasing a face-to-face interview with GM President and CEO Mary Barra on the auto show floor. Another coaxed GM North America President Alan Batey into a video that won the program’s top prize: an all-expense paid trip to a national journalism conference.
Students Rushawn Walters and Nia Muhammad, both of Howard University, and Sarah Rahal, of Wayne State University, won the prize with “Jammin’ with GM,” a video story told through carpool karaoke, focusing on the all-new Chevrolet Cruze and technologies such as Apple Car Play, Android Auto, Teen Driver, Rear Seat Reminder and the car’s fuel economy.