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GM stock hit a 52-week high of $61.24 in December and is up 47% year to date — far ahead of its Big Three peers. Ford's stock is down 15% in 2024, while Stellantis shares have dropped nearly 40%.
General Motors' (GM) hot stock has sprung a leak after its latest earnings report on Tuesday. Shares of the auto giant fell as much as 11% on Tuesday and closed down 9%. It marked the worst day ...
Scratching at the surface of the question won't give you any answers. For instance, Ford's total U.S. sales increased 4% during 2024, compared to the prior year, to nearly 2.1 million vehicles ...
So investors might wonder why the stock tanked by more than 10% on Tuesday morning after that report came out. GM shares remained down by 10.4% as of 11:44 a.m. ET. Where to invest $1,000 right now?
Despite the year of big-time cost-cutting, stock buybacks, and upside earnings surprises, GM's stock only trades on a 4.9 times forward price-to-earnings multiple, according to Yahoo Finance data ...
GM’s stock went on a hot streak last quarter, buoyed in part by falling raw materials prices for its EV batteries. Share prices peaked at $45 in late March, up from a low of $27 last November.
General Motors shares jumped after the automaker reported profit jumped in the fourth quarter, driven again by record revenue and strong demand.
GM data by YCharts. While there were plenty more positive aspects of GM's second quarter, investors might be wondering why the stock was trading roughly 6% lower as of 3 p.m. ET Tuesday.