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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.
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%.
The auto industry has generally not been a lucrative investment opportunity.
General Motors (NYSE: GM) has been on a stock buyback tear as the company takes advantage of a low valuation to reduce its share count. In this video, Travis Hoium shows just how quickly the ...
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.
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 ...
General Motors overtaking Ford for the second best-selling EV maker in the U.S. market is just the latest sign of the Detroit juggernaut's growing momentum, which can be clearly seen in the stock ...
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