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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.
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Bernstein downgraded GM stock to Market Perform from Outperform and cut its price target slightly to $53 from $54.50. GM shares were down over 2% in early trading on Monday.
Prior to today's announcement, GM shares had been down about 20% in the past year, compared to a 15% gain for the S&P 500 . Investors have fretted on several aspects of the GM investment thesis ...
General Motors just boosted earnings guidance for the third straight time. ... That includes today's move, which saw the stock jump by 10.4% as of 3:10 p.m. ET. ... With a price-to-earnings ratio ...
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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%.
If you're looking for the intersection of value and growth -- look no further than General Motors (NYSE:GM). But if you're going to hop on-board GM stock, remember to look both ways before you ...