Executive Vice President & CFO Paul Jacobson Acquires 25,000 Shares of General Motors Co (GM)
On July 26, 2024, Paul Jacobson, Executive Vice President & Chief Financial Officer of General Motors Co (NYSE:GM), purchased 25,000 shares of the company. Following this transaction, the insider now owns a total of 261,872 shares of General Motors Co. The transaction details are documented in the SEC Filing.
General Motors Co, a global company, designs, builds, and sells cars, trucks, crossovers, and automobile parts. The company also provides financing services through General Motors Financial Company, Inc.
Shares of General Motors Co were priced at $44.11 on the day of the transaction. The company's market cap is approximately $49.56 billion. The price-earnings ratio stands at 4.95, which is lower than the industry median of 15.34 and below the companys historical median.
According to the GF Value, the intrinsic value of General Motors Co is estimated at $52.82 per share, suggesting that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.84.
Over the past year, insider transaction history at General Motors Co shows a trend with 1 insider buy and 14 insider sells. The recent purchase by Paul Jacobson marks a notable buy in the context of the company's insider activity.
This insider buy might interest investors as insider transactions can provide insights into a company's potential future direction. Observing the actions of key executives like Paul Jacobson can be a component in assessing the stock's potential as an investment.
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