Trending Stocks: Apple, L Brands, Tronc, GM, and More

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General Motors Company (NYSE:GM) shares are less than 1% in the green after the automaker reported better-than-expected domestic sales for the month of October. According to GM, it “outperformed the entire U.S. retail industry by a wide margin”, selling 208,290 vehicles last month to individual customers in the United States. That’s up by 3% year-over-year despite the fact that there were two fewer days for selling during the month compared to October 2015. Due to the company’s performance, GM’s retail market share in the United States inched up by 1.6% to 18.1%. Meanwhile GM’s total domestic sales last month weren’t too shabby either, with the number clocking in at 258,626 vehicles. The number of funds with holdings in General Motors Company (NYSE:GM) fell by two quarter-over-quarter to 65 at the end of June.

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tronc Inc (NASDAQ:TRNC) shares are 19% in the red after Gannett Co Inc (NYSE:GCI) disclosed that it has terminated acquisition discussions with the company. Specifically, Gannett said in a press release that it “has been engaged in discussions with tronc, Inc. (NASDAQ:TRNC) (“tronc”) regarding a potential transaction and has determined not to pursue an acquisition of tronc.” Gannett’s decision means that tronc’s management will have to figure out other ways to unlock value for shareholders.

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Of the 749 hedge funds that we track which filed 13Fs for the June quarter, 16 long Gannett Co Inc (NYSE:GCI) on June 30, while 13 had shares of tronc Inc (NASDAQ:TRNC) in their portfolios.

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Disclosure: None

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