General Motors (NYSE:GM)- Recommended Mix Momentum Stocks: Flowers Foods, Inc. (NYSE:FLO)

General Motors Company (NYSE:GM) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it remains unchanged to close at $35.69 with the total traded volume of 9.21 Million shares. China has slapped a 201 million yuan ($29 million) fine on a General Motors Co. joint venture for alleged monopolistic pricing behavior, the state-run China Central Television said Friday. Citing the Shanghai authority overseeing prices, the CCTV report 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 fine is equivalent to 4% of the affected models’ sales incomein the previous year, according to the report.SAIC General Motors Corp. is a 50-50 joint venture between GM and SAIC Motor Corp., China’s largest auto maker by sales. Foreign auto companies are required to tie up with local companies to produce cars in China. 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 -1.87%.

Flowers Foods, Inc. (NYSE:FLO) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.88% to $19.52. Flowers Foods, Inc. (FLO) revealed that R. Steve Kinsey, executive vice president and chief financial officer, has exercised stock options for 113,400 shares and consequently surged his direct ownership from 225,305 shares of Flowers Foods common stock to 248,803 shares, which is well in excess of the company’s stock ownership guidelines.

Solely to cover the exercise price and related tax liability, Mr. Kinsey sold shares of Flowers Foods common stock obtained through this option exercise in the open market. The options were granted to Mr. Kinsey in 2010 under the company’s Equity and Performance Incentive Plan and were set to expire in February 2017. The share price of FLO attracts active investors, as stock price of week volatility recorded 1.64%. The stock is going forward to its 52-week low with 38.91% and lagging behind from its 52-week high price with -10.86%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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