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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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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 ...
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%.
It's also worth noting that even after GM's surge in 2024, the stock still trades at a paltry price-to-earnings ratio of 5.8 -- making it a screaming value right now. General Motors may have ...
U.S. stock markets saw minimal changes on Tuesday as General Motors surged 10.4% on strong earnings offset a steep drop in GE Aerospace shares.. S&P 500: 5,851.20 ⬇️ down 0.0047%. Nasdaq ...
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.