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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.
The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. See the 10 stocks » *Stock Advisor returns as of July 22, 2024. Daniel Miller has positions in General Motors ...
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 ...
A spokesman says GM expects the stock buyback to end up at about 20% of the company’s outstanding shares, based on an expected price increases. In January, GM will raise its dividend by a third ...
The auto industry has generally not been a lucrative investment opportunity.
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Shares of General Motors surged almost 10% Tuesday after the automaker posted a $3 billion third-quarter profit, slightly less the same period a year ago. GM's stock closed up 9.8% at $53.73, the ...
Ford and General Motors are two seemingly similar companies -- both storied and part of the American fabric. They are also similar in size, with market caps around $50 billion. However, when it ...