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Is it Time to Dump General Motors Company (GM) Stock After it Is Higher By 11.45% in a Week?

Friday, October 23, 2020 11:02 AM | InvestorsObserver Analysts

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Is it Time to Dump General Motors Company (GM) Stock After it Is Higher By 11.45% in a Week?

Overall market sentiment has been high on General Motors Company (GM) stock lately. GM receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
General Motors Company has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GM!

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.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With GM Stock Today?

General Motors Company (GM) stock is trading at $37.28 as of 10:50 AM on Friday, Oct 23, a loss of -$0.13, or -0.35% from the previous closing price of $37.41. Volume today is less active than usual. So far 6,021,890 shares have traded compared to average volume of 13,509,842 shares. The stock has traded between $37.18 and $38.03 so far today.

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.

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