General Rises On Unusually High Volume (GM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- General Motors (NYSE: GM) is trading at unusually high volume Thursday with 22.2 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.35 (+4.8%) at $29.72 as of 4 p.m. ET.

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General has a market cap of $37.62 billion and is part of the consumer goods sector and automotive industry. Shares are down 1.6% year to date as of the close of trading on Wednesday.

General Motors Company (GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. The company has a P/E ratio of 9.4, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates General as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full General Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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