General Motors Company (NYSE:GM) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.17% to close at $35.60 with the total traded volume of 398638 shares. China has slapped a 201 million yuan or $29 million fine on a General Motors Co. (GM) joint venture for alleged monopolistic pricing behavior, the state-run China Central Television said.
SAIC General Motors Corp. had reached a monopoly contract with its dealers, setting a floor on prices of car models including the Cadillac SRX, Chevrolet Trax and Buick Excelle, the CCTV report said citing the Shanghai authority overseeing prices. The fine is equivalent to 4% of the affected models’ sales incomein the previous year.SAIC General Motors Corp. is a 50-50 joint venture between GM and SAIC Motor Corp., China’s largest auto maker by sales. The firm has institutional ownership of 73.00%, while insider ownership included 4.66%. Its price to sales ratio ended at 0.33. GM attains analyst recommendation of 2.50 with week performance of -2.36%.
Aetna Inc. (NYSE:AET) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.44% to $126.79. Attorneys in the antitrust trial concerning Aetna Inc.’s proposed $37 billion acquisition of Humana Inc. made their closing statements Wednesday in Washington, D.C. The Connecticut Mirror reports that U.S. District Court Judge John Bates asked probing questions of attorneys for the U.S. Justice Department, which is seeking to block the deal, and of attorneys for the insurance giants.
Among the questions: whether the deal violated antitrust laws if the Justice Department had managed to prove only that the merger would result in unacceptable lack of competition in one county or one state. Justice Department attorney Eric Mahr said it would, according to the report. The share price of AET attracts active investors, as stock price of week volatility recorded 2.08%. The stock is going forward to its 52-week low with 38.10% and lagging behind from its 52-week high price with -7.12%.