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GM Stock Rises 1 Percent During Mar 15
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GM s Official SUV of NCAA March Madness is Made in China
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$51.00
By comparison, shares of GM’s cross-town rival, Ford Motor Company, increased $0.57 per share, or 4.9 percent, during the same timeframe.
GM Stock Factors
GM stock value rose this week after several weeks of small losses. The small losses were preceded by consistent growth in January that put GM stock value above the $50 per share mark.
General Motors recently reported fourth-quarter earnings, beating Wall Street expectations with $1.93 in adjusted earnings per share (versus $1.64 expected) and $37.5 billion in revenue (versus $36.12 billion expected). GM said that it expects to earn between $10 billion and $11 billion in adjusted pretax profits this year, or $4.50 to $5.25 per share.
$53.22
GM Stock Factors
GM stock value fell slightly again this week after two weeks of minor losses. The small changes seen recently follow consistent growth in January that put GM stock value above the $50 per share mark.
General Motors reported fourth-quarter earnings last week, beating Wall Street expectations with $1.93 in adjusted earnings per share (versus $1.64 expected) and $37.5 billion in revenue (versus $36.12 billion expected). GM said that it expects to earn between $10 billion and $11 billion in adjusted pretax profits this year, or $4.50 to $5.25 per share.
The Q4 earnings beat last year’s results, which were impacted by the 2019 UAW labor strike.
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