General Motors Insiders Unload $43M Worth of Stock Amid Potential Weakness

General Motors Company insiders sold $43m in stock over the past year, with Chairman & CEO Mary Barra making the largest sale of $23m. Insiders dumped $24m worth of shares in the last three months, with no purchases recorded. This may indicate potential weakness in the company.

General Motors Company (GM) has seen significant insider selling over the past year, with a total of $43 million in stock sold by insiders. This trend may indicate potential concerns among executives. The largest sale was made by Chairman & CEO Mary Barra, who sold $23 million worth of shares. In the last three months alone, insiders sold $24 million worth of shares, with no purchases recorded.

Key Insights:
- Total Insider Selling: $43 million over the past year.
- Largest Sale: $23 million by Chairman & CEO Mary Barra.
- Recent Selling: $24 million in the last three months, with no purchases recorded.

Impact on Stock:
The insider selling activity could signal potential weakness in the company's outlook. However, it is essential to consider other factors, such as the company's financial performance and external market conditions, to gauge the full impact on the stock price.

Recent Earnings and Analyst Ratings:
General Motors reported earnings of $2.53 per share in its last quarterly report, surpassing analyst estimates. The company also projected annual earnings growth of 11.44 EPS for the current year. Despite the insider selling, several analysts have maintained positive ratings on GM's stock, with a consensus rating of "Moderate Buy" and an average target price of $59.00 General Motors (NYSE:GM) Stock Rating Upgraded by Barclays^[1].

Institutional Investor Activity:
Institutional investors have also shown mixed activity. While some, like Vanguard Group Inc. and AQR Capital Management LLC, have increased their stakes in GM, others, such as GK Wealth Management LLC, have reduced their holdings. This indicates varying levels of confidence among institutional investors GK Wealth Management LLC Cuts Stock Holdings in General Motors Company $GM^[2].

Conclusion:
The insider selling at General Motors, while significant, should be considered alongside the company's strong earnings report and positive analyst ratings. Investors should monitor the company's financial performance and any changes in insider activity to make informed investment decisions.