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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%.
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.
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 ...
The auto industry has generally not been a lucrative investment opportunity.
That changes the stock's investment thesis, as Travis Hoium covers in this video. *Stock prices used were end-of-day prices of Dec. 17, 2024. The video was published on Dec. 19, 2024.
[31] [32] The new GM held an IPO on November 17, 2010, that raised an estimated $20.1 billion. [33] By December 2013, the US government sold the last of its GM stock. [34] By February 2015, the Ontario government sold the last of its 4% stake in GM, [35] and by April 2015, the Canadian federal government sold the last of its own 8% GM stake. [36]
General Motors (NYSE: GM) might not be as good as Tesla (NASDAQ: TSLA) in those areas, but it is trading at a fraction of the valuation of Tesla stock. *Stock prices used were the afternoon prices ...
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.