Citigroup initates General Motors Company (GM) stock to a Buy

General Motors Company’s recent filing unveils that its Officer CRAIG GLIDDEN acquired Company’s shares for reported $3.42 million on Feb 26 ’25. In the deal valued at $49.81 per share,68,687 shares were bought.

Then, KELLY ALFRED F JR bought 12,000 shares, generating $607,920 in total proceeds. Upon buying the shares at $50.66, the Director now owns 13,714 shares.

Before that, Harvey Rory sold 8,919 shares. General Motors Company shares valued at $535,229 were divested by the Executive Vice President at a price of $60.01 per share. As a result of the transaction, Harvey Rory now holds 8,513 shares, worth roughly $0.41 million.

Citigroup initiated its General Motors Company [GM] rating to a Buy in a research note published on April 23, 2025; the price target was $62. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in mid April from “an Overweight” to “an Equal weight”. Deutsche Bank also remained covering GM and has decreased its forecast on April 14, 2025 with a “Hold” recommendation from previously “Buy” rating. UBS revised its rating on April 10, 2025. It rated GM as “a Neutral” which previously was an “a Buy”.

Price Performance Review of GM

On Friday, General Motors Company [NYSE:GM] saw its stock fall -1.24% to $48.65. Over the last five days, the stock has gained 2.49%. General Motors Company shares have fallen nearly -8.67% since the year began. Nevertheless, the stocks have risen 0.91% over the past one year. While a 52-week high of $61.24 was reached on 01/27/25, a 52-week low of $38.96 was recorded on 04/07/25.

Levels Of Support And Resistance For GM Stock

The 24-hour chart illustrates a support level at 48.31, which if violated will result in even more drops to 47.97. On the upside, there is a resistance level at 49.09. A further resistance level may holdings at 49.52.

How much short interest is there in General Motors Company?

A steep rise in short interest was recorded in General Motors Company stocks on 2025-05-30, dropping by -1.39 million shares to a total of 21.02 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 22.41 million shares. There was a decline of -6.63%, which implies that there is a negative sentiment for the stock.

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