Why General Motors Stock Dropped 5%, Then Rebounded Today
It is earnings season on Wall Street right now, but you can't blame earnings for the sudden collapse in value of General Motors (NYSE: GM) stock earlier today. Instead, it was a negative note from Wall Street banker Goldman Sachs that sent General Motors shares tumbling more than 5% in early trading Monday.
Cadillacs are expensive, but General Motors stock is not. Image source: General Motors.
Goldman announced this morning that it was downgrading General Motors from neutral to sell and assigning the $43 stock a $32 price target. The new target implies more than 26% downside from today's prices.
Source: Fool.com
General Motors Corp Aktie
37,72 €
-6,21 %
Leichtes Buy-Interesse bei General Motors Corp, mit mehr Buy- als Sell-Einschätzungen.
Für General Motors Corp sieht die Community ein Kursziel von 46 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 37.72 € bedeutet.
