Overall market sentiment has been high on General Motors Company (GM) stock lately. GM receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With GM Stock Today?
General Motors Company (GM) stock is trading at $45.88 as of 9:57 AM on Tuesday, Nov 24, an increase of $1.10, or 2.46% from the previous closing price of $44.78. The stock has traded between $45.08 and $45.93 so far today. Volume today is light. So far 2,154,688 shares have traded compared to average volume of 17,856,173 shares.
To see the top 5 stocks in the Auto Manufacturers industry click here.
More About General Motors Company
General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has seven brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company remains the market leader in the U.S. with 17% share in 2019. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.
Click Here to get the full Stock Score Report on General Motors Company (GM) Stock.
