Alert: Positive Investment/Fundamental Signals (12/14/23)-General Motors Co (NYSE: GM)


General Motors Co (NYSE: GM) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

General Motors Co (NYSE: GM) has benefited from meaningful positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, GM is expected to continue to be an important Value Builder.

General Motors has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. General Motors has a neutral Power Rating of 51 but a very high Appreciation Score of 96, resulting in the Positive Value Trend Rating.

Recent Price Action

General Motors Co (NYSE: GM) stock enjoyed a very large increase of 6.6% on 12/14/23. The shares closed at $36.25. Moreover, trading volume in this advance was unusually high at 169% of normal. The stock has performed in line with the market over the last nine months and has risen 10.1% during the last week.

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