GM Posts Loss of almost $3 Billion

Sans paper loss GM makes $2.5B stock jumps in premarket

Sans paper loss GM makes $2.5B stock jumps in premarket

Its down 0.06, from 1.08 in 2017Q1. It worsened, as 75 investors sold GM shares while 286 reduced holdings. 71 funds opened positions while 297 raised stakes. Pennsylvania Trust accumulated 78,863 shares.

Analysts await General Motors Company (NASDAQ:GM) to report earnings on Oct, 24 for the fiscal quarter ending Sep 2017.

Ford Motor Company Del (NYSE:F) had an increase of 1.37% in short interest. Prentiss Smith invested in 3,000 shares or 0.02% of the stock. Enterprise invested in 0.03% or 1,834 shares. Geode Management owns 13.77 million shares for 0.19% of their portfolio. The Business's segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc. About 17.68 million shares traded or 17.71% up from the average. 592,753 are owned by Cibc Mkts Corporation. The insider FARLEY JR JAMES D sold $279,068. Robeco Institutional Asset Management B.V. now owns 1,854,778 shares of the auto manufacturer's stock valued at $22,203,000 after acquiring an additional 20,270 shares during the period. Over the last quarter, insiders sold 217,700 shares of company stock worth $2,486,044. Harris Associates LP who had been investing in General Mtrs Co for a number of months, seems to be less bullish one the $67.22 billion market cap company. The stock rose 2.37% or $1.07 reaching $46.22 per share. About 7.44M shares traded. Atlantic Coast Financial Corp (ACFC) has risen 25.44% since October 24, 2016 and is uptrending. Excluding that charge, the company outpaced Wall Street's expectations by a wide margin. CA's profit will be $240.12 million for 15.01 P/E if the $0.57 EPS becomes a reality.

Detroit-based GM posted a third-quarter net loss of $2.98 billion, or $2.03 per share, compared with a profit of $2.77 billion, or $1.71 per share a year earlier. During the same period in the previous year, the firm posted $0.52 EPS. More interesting news about Ford Motor Company (NYSE:F) were released by: and their article: "Three things to watch" published on October 23, 2017 as well as's news article titled: "How Can Ford Motor Company Stoke Growth in China?" with publication date: October 18, 2017.

Hockey Asia Cup 2017: India look to carry on momentum against Bangladesh
The Asia Cup is India's only tournament prior to the year-ending FIH Hockey world league finals. Being the highest ranked Asian team, the Men in Blue are surely one of the favourites to win.

Finally, Instinet downgraded shares of Ford Motor from a "buy" rating to a "neutral" rating and cut their price target for the company from $14.80 to $11.60 in a research report on Wednesday, August 9th. Therefore 33% are positive.

Investors overlooked the loss because GM has worked hard to shed unprofitable businesses and make its operations more efficient, said Jeff Windau, an industry analyst with Edward Jones. Royal Bank Of Canada reiterated a "buy" rating on shares of Ford Motor in a research report on Tuesday, August 15th. Barclays Capital maintained General Motors Company (NYSE:GM) on Monday, September 21 with "Hold" rating. The firm has "Buy" rating by Cowen & Co given on Thursday, October 5. The stock of President Energy PLC (LON:PPC) earned "Buy" rating by Peel Hunt on Wednesday, April 19. Ford Motor Company (NYSE:F) has declined 16.63% since October 24, 2016 and is downtrending. They issued an "overweight" rating and a $40.00 price target on the stock. The stock has "Buy" rating by Piper Jaffray on Monday, October 16. The firm has "Buy" rating by Citigroup given on Monday, October 2.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.