General Motors Co. (NYSE: GM) Coverage Initiated at Nomura

Analysts at Nomura initiated coverage on General Motors Co. (NYSE: GM) stock, rating the company at Neutral. Nomura currently has a rating of Neutral on the stock. The one-year price target of $36.94 is higher than the opening price of $31.91, causing a fair amount of other analysts to report on the company recently. Looking back over the last year, General Motors Co. stock has a high of $36.88. Changes in price targets are not unheard of as analysts and brokerage firms will publish periodic updates after initiating coverage,.

U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.

The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.

The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.

The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.

Yesterday General Motors Co. (NYSE: GM) shares last traded at $31.65, a decrease of $0.07 over the previous closing price. Opening at $31.91, they ranged from $31.33 and $31.94 throughout the day.

General Motors Co. (NYSE: GM) currently has a market cap of 49.43B.

The stock’s average daily volume is 13,793,800 shares out of a total float 1,337,130,000 and some 12,876,202 shares traded hands yesterday, 70 percent lower than the norm. Trading volume is likely to increase in the next few days as investors often use increases in trading volume to determine substantial volume growth or distribution by institutional investors.

However, a single day of significant buy side trading is not enough to affirm a trend. So market traders will continue to watch for institutional sponsorship as a cue that financial institutions are moving forward.

Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Professional investors such as these retain teams of analysts that research thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.

By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.

Trades for General Motors Co. (NYSE: GM) have ranged from $26.69 – 36.88, and the stock now has a 50-day MA of $31.40 and 200-day MA of $30.80. Today’s last price is 0.14% under the 52 week high of $36.88.

Earnings growth is a crucial factor to look at when investing in stocks and investors look for companies that have grown their earnings by at least 25% for 3 consecutive years.

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