$58.43
By comparison, shares of GM’s cross-town rival, Ford Motor Company, decreased 1.71 percent, or $0.26, during the same timeframe.
GM Stock Factors
GM stock value fell this week after minor gains last week.
Some of the factors affecting GM stock value this week include second-quarter sales reporting, headlined by a 40-percent jump for GM sales in the U.S., with sales increasing for all four of GM’s U.S. brands.
GM-backed automotive data startup Wejo also announced $25 million in fresh investments from Microsoft and Sompo Holdings Inc.
Meanwhile, GM announced an accelerated timeline for conversion of the GM CAMI Assembly plant in Ingersoll as the all-electric BrightDrop EV600 light commercial vehicle heads towards production. In other production-related news, the Chevy Malibu and Cadillac XT4 will resume production at the GM Fairfax Assembly facility on August 16