15-May-2024
China's NIO changing its global strategy as U.S., EU tariffs loom - report
Seeking Alpha News (Thu, 16-May 3:55 AM ET)
Chinese EV maker NIO changing its global strategy as U.S., EU tariffs loom - report
Seeking Alpha News (Thu, 16-May 3:55 AM ET)
David Tepper's Appaloosa adds Adobe, Boeing, exits GM among Q1 buys, sells
Seeking Alpha News (Wed, 15-May 4:34 PM ET)
TipRanks (Wed, 15-May 5:32 AM ET)
Auto drama: BYD Company introduces new hybrid pickup truck in Mexico
Seeking Alpha News (Tue, 14-May 3:10 PM ET)
Biden administration raises tariffs steeply on Chinese EVs, chips
Seeking Alpha News (Tue, 14-May 6:08 AM ET)
Chinese electric vehicle makers are nabbing market share in Brazil
Seeking Alpha News (Mon, 13-May 8:02 AM ET)
Are trade wars easy to win? Biden set to hike tariffs on Chinese EVs and solar
Seeking Alpha News (Mon, 13-May 6:23 AM ET)
Three big things in auto: China may win on EVs, ICE suppliers are undervalued and AI is in the mix
Seeking Alpha News (Sat, 11-May 7:00 AM ET)
Ascent Global Logistics Named a 2023 General Motors Supplier of the Year
PRNewswire (Thu, 25-Apr 8:00 AM ET)
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 May 15, 2024, GM stock price climbed to $45.49 with 10,287,025 million shares trading.
GM has a beta of 1.41, meaning it tends to be more sensitive to market movements. GM has a correlation of 0.27 to the broad based SPY ETF.
GM has a market cap of $51.90 billion. This is considered a Large Cap stock.
Last quarter General Motors Company reported $43 billion in Revenue and $2.62 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $.48.
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 outperformed the market in the last year with a return of +41.7%, while the SPY ETF gained +29.9%. In the last 3 month period, GM beat the market returning +17.0%, while SPY returned +5.8%. However, in the most recent 2 weeks GM has underperformed the stock market by returning +2.3%, while SPY returned +5.9%.
GM support price is $44.37 and resistance is $45.69 (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.