A whale with a lot of money to spend has taken a noticeably bullish stance on General Motors.
Looking at options history for General Motors (NYSE:GM) we detected 15 strange trades.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened?
On this day in 1902, the Cadillac Motor Company was founded.
Where The Market Was
The Dow Jones Industrial Average trade at around 64.40 and the S&P 500 traded at 8.85.
The SPDR S&P 500 ETF Trust (NYSE: SPY) broke a four-week winning streak this week as the latest commentary from the Federal Reserve suggests investors can expect aggressive interest rate hikes to continue.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Electric vehicle leader Tesla Inc. (NASDAQ: TSLA) has its own charging network of Tesla Superchargers worldwide. The company has slowly been opening up access to the charging stations to other electric vehicles outside the U.S. and preparing to launch more options in the U.S.
American Rheinmetall Vehicles, a leading developer of tactical wheeled and tracked combat vehicles and systems has formed a strategic collaboration with GM Defense LLC, to compete in the U.S. Army's Common Tactical