GM Stock Summary and Trading Ideas (General Motors Company | NYSE:GM)

General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its U.S. market share leader crown in 2022, after losing it to Toyota due to the chip shortage in 2021. 2023's share was 16.5%. GM's Cruise autonomous vehicle arm has previously done driverless geofenced AV robotaxi services in San Francisco and other cities but stopped in late 2023 after an accident. It should restart in at least one city in 2024. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.

General Motors Company trades on the NYSE stock market under the symbol GM.

As of April 18, 2024, GM stock price declined to $42.44 with 13,643,152 million shares trading.

GM has a beta of 1.44, meaning it tends to be more sensitive to market movements. GM has a correlation of 0.25 to the broad based SPY ETF.

GM has a market cap of $58.12 billion. This is considered a Large Cap stock.

Last quarter General Motors Company reported $43 billion in Revenue and $1.24 earnings per share. This beat revenue expectation by $4 billion and exceeded earnings estimates by $.08.

In the last 3 years, GM stock traded as high as $67.21 and as low as $26.30.

The top ETF exchange traded funds that GM belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

GM has underperformed the market in the last year with a price return of +21.9% while the SPY ETF gained +22.3%. However, in the short term, GM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +21.6% vs +6.1% return in SPY. But in the last 2 weeks, GM shares have been beat by the market, returning -6.0% compared to an SPY return of -3.8%.

GM support price is $41.74 and resistance is $43.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GM stock will trade within this expected range on the day.