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

General Motors Company

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

About 492,581 shares traded. Sterneck Capital Management Llc who had been investing in General Mtrs Co for a number of months, seems to be bullish on the $65.64 billion market cap company.

For the technical trader out there, the current 20 day simple moving average is 10.67% and the 200 day simple moving average is 26.38%.

General Motors Company (NYSE:GM) has reached overbought status with a 14-day RSI of 89.85. It has underperformed by 8.78% the S&P500. It is negative, as 90 investors sold Ford Motor Company shares while 355 reduced holdings. Hightower Advsrs Ltd Company holds 1.23M shares or 0.12% of its portfolio. The company has market cap of $48.71 billion. Stockholders of record on Monday, October 23rd will be paid a dividend of 0.15 per share by the auto manufacturer on Friday, December 1st. General Motors Company (NYSE:GM) has risen 7.92% since October 12, 2016 and is uptrending. It has outperformed by 50.67% the S&P500.

The stock's Average True Range (ATR) is now 0.73. Therefore 54% are positive. Mitsubishi UFJ Financial Group had 5 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has "Neutral" rating by Wedbush given on Thursday, October 6. Bank of America downgraded the stock to "Neutral" rating in Friday, April 29 report. On Monday, October 31 the stock rating was upgraded by Daiwa Securities to "Neutral". RBC Capital Markets maintained the stock with "Hold" rating in Friday, July 14 report. The dividend yield was $3.50. Gainplan LLC now owns 11,072 shares of the auto manufacturer's stock worth $124,000 after acquiring an additional 45 shares during the last quarter. (NYSE:UDR) has been trading recently.

Sterneck Capital Management Llc, which manages about $314.88M and $167.23M US Long portfolio, decreased its stake in Office Depot Inc (NASDAQ:ODP) by 203,664 shares to 69,979 shares, valued at $395,000 in 2017Q2, according to the filing.

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The stock of Remark Holdings, Inc. Seaport Global Securities also issued estimates for General Motors' Q2 2018 earnings at $1.52 EPS and Q4 2018 earnings at $1.68 EPS. Its down 0.10, from 1.3 in 2017Q1. Trust Invest Advsr accumulated 87,265 shares. 71 funds opened positions while 297 raised stakes.

Edge Wealth Management Llc increased Ford Motor Co (F) stake by 1184.91% reported in 2017Q2 SEC filing. Comerica Comml Bank holds 398,589 shares or 0.11% of its portfolio. Once understood where General Motors Company lies, begin comparing it against other specific companies in the Auto Manufacturers - Major to begin searching for value. FARLEY JR JAMES D sold $279,068 worth of Ford Motor Company (NYSE:F) on Monday, June 12. Point72 Asset Mgmt L P has 57,859 shares. Moreover, Banc Funds Co Llc has 0.16% invested in the company for 219,879 shares. Finally, North Star Investment Management Corp. boosted its position in General Motors Company by 0.8% in the first quarter. Ami Investment Mgmt reported 28,170 shares. Sessa Im Limited Partnership holds 0.87% or 200,100 shares. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer's stock worth $3,262,952,000 after purchasing an additional 3,560,717 shares during the last quarter. Marietta Inv Prtn Lc has 37,872 shares. It was reported on Oct, 12 by Barchart.com. Moreover, Sii Investments Wi has 0.1% invested in Ford Motor Company (NYSE:F) for 143,306 shares. Pnc Financial Svcs Gru Inc reported 0.02% stake.

Among 13 analysts covering Weyerhaeuser Company (NYSE:WY), 7 have Buy rating, 1 Sell and 5 Hold. After having $0.56 EPS previously, Ford Motor Company's analysts see -44.64 % EPS growth. The rating was maintained by Piper Jaffray with "Buy" on Tuesday, July 11. Morgan Stanley initiated the shares of GM in report on Wednesday, February 24 with "Underweight" rating. The firm has "Buy" rating given on Wednesday, October 4 by Standpoint Research. The firm has "Buy" rating by Bank of America given on Tuesday, October 3. The firm has "Buy" rating given on Wednesday, July 26 by BMO Capital Markets.

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. Wolfe Research has "Hold" rating and $3300 target. Analysts‟ target price forecasts are a prediction of a stock‟s future price, generally over the 12 months following the release date (Asquith et al., 2005). S&P Research maintained the stock with "Strong Buy" rating in Friday, September 18 report. Creditors will loan money at a cheaper rate to a profitable company than to an unprofitable one; consequently, profitable companies can use leverage to increase stockholders' equity even more.

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