Is General Motors Company (NYSE:GM) Overbought?

Is General Motors Company (NYSE:GM) Overbought?”

The firm owned 30,000 shares of the auto manufacturer's stock after buying an additional 29,900 shares during the quarter. FNY Partners Fund LP's holdings in General Motors were worth $1,047,000 as of its most recent filing with the Securities & Exchange Commission.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company.

General Motors Company (NYSE:GM) belongs to Consumer Goods sector, shares of firm has 20 days moving average price of 6.55% from last close price of 40.26 and act as support or resistance of price limit. The United Capital Financial Advisers Llc holds 354,874 shares with $12.40M value, down from 380,413 last quarter. IFC Holdings Incorporated FL increased its stake in General Motors by 0.3% during the 2nd quarter. IFC Holdings Incorporated FL now owns 32,119 shares of the auto manufacturer's stock valued at $1,120,000 after acquiring an additional 88 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in General Motors by 1.8% during the 2nd quarter. Balentine LLC increased its stake in shares of Ford Motor by 2.6% in the 1st quarter.

General Motors Company (NYSE:GM) has been the object of insider buying and selling activity recently.

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Analysts expect Ford Motor Company (NYSE:F) to report $0.31 EPS on October, 26 before the open.They anticipate $0.05 EPS change or 19.23 % from last quarter's $0.26 EPS. The stock's 50 day moving average price is $36.19 and its 200 day moving average price is $35.09. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt reported 0.03% of its portfolio in General Motors Company (NYSE:GM). The stock has a market cap of $58.67 billion, a price-to-earnings ratio of 7.00 and a beta of 1.44. General Motors also was the target of unusually large options trading on Monday. Amf Pensionsforsakring invested 0.08% in Ford Motor Company (NYSE:F). The stock exchanged hands with 40,766,000 numbers of shares compared to its average daily volume of 34.25M shares.

General Motors Company (NYSE:GM) gross margin percentage stands at 13% while its operating margin for the past trailing twelve month is 6.2 percent and its overall profit margin (ttm) is 5.5 Percent. After $0.05 actual EPS reported by AXT Inc for the previous quarter, Wall Street now forecasts 60.00% EPS growth. Berenberg initiated General Motors Company (NYSE:GM) on Tuesday, November 22 with "Sell" rating. The firm had revenue of $36.98 billion for the quarter, compared to the consensus estimate of $37.67 billion. During the same period in the prior year, the company posted $1.86 earnings per share. The business's revenue for the quarter was down 1.1% on a year-over-year basis.

Among 23 analysts covering F&M Bank (NYSE:F), 9 have Buy rating, 2 Sell and 12 Hold. Stockholders of record on Friday, September 8th were paid a $0.38 dividend. The ex-dividend date was Thursday, September 7th.

General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles.

A number of brokerages have commented on GM. Instinet downgraded Ford Motor from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $14.80 to $11.60 in a research report on Wednesday, August 9th. Wolfe Research began coverage on shares of General Motors in a report on Tuesday, June 13th. On Thursday, February 4 the stock rating was maintained by RBC Capital Markets with "Sector Perform". The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. General Motors Company had 61 analyst reports since July 24, 2015 according to SRatingsIntel. On September 21 Morgan Stanley left the company rating at "Overweight" and raised the price expectation from $40.00 to $43.00. Out of 3 Wall Street analysts rating AXT, 3 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". The stock's average target of $8.17 is -4.11% below today's ($8.52) share price. The stock was sold at an average price of $35.57, for a total transaction of $289,682.08. Following the transaction, the insider now owns 66,748 shares in the company, valued at $2,374,226.36. Jane L. Mendillo, Director disclosed the purchase of 1,440 shares of (GM). The shares were sold at an average price of $11.34, for a total value of $453,600.00. There has been an observed change of -4.08% in the ownership of the shares in the past six months.

Charles K. Iii Stevens, EVP disclosed the sale of 16,000 shares. Over the last quarter, insiders have sold 614,947 shares of company stock valued at $22,402,528.

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