In Thursday’s Blitz Daily with Lance Ippolito, we take another look at unusual options activity in American automotive giant General Motors.
Auto stocks took a hit Thursday after analysts at Wells Fargo downgraded both Ford and GM.
Two of the world’s biggest manufacturers were dropped to a “Sell” rating from their previous “Buy” status, along with substantial cuts in both stocks’ price targets.
The news shocked shares of GM, which dipped as much as 7% at Tuesday’s open when bullish buyers pounced!
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