General Motors CompanyGM was a big mover last session, as the company saw its shares rise almost 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company-as the stock is now up 18% in the past one-month time frame.
The move came after the company announced that SoftBank Vision Fund will invest $2.25 billion in GM Cruise Holdings LLC. This is expected to further reinforce the AV technology.
The company has seen one negative estimate revision in the past month, while its Zacks Consensus Estimate has also moved lower over the said time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
General Motors currently has a Zacks Rank #2 (Buy), while its Earnings ESP is positive.
General Motors Company Price
General Motors Company Price | General Motors Company Quote
Investors interested in the Automotive - Domestic industry may consider Harley-Davidson, Inc. HOG , which has a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Is GM going up? Or down? Predict to see what others think: Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
General Motors Company (GM): Free Stock Analysis Report
Harley-Davidson, Inc. (HOG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
