General Motors Company ($GM) Stock Forecast: Down 9.4% Today

What is General Motors Company?

General Motors (GM) is a well-known American multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts. Today, GM experienced a strong bearish movement in the stock market.

Why is General Motors Company going down?

GM stock is down 9.4% on Nov 26, 2024 20:47

• Unusual options activity showing a bullish stance on GM could indicate conflicting sentiments among investors, leading to market uncertainty and potential selling pressure.
• President-elect Donald Trump's proposed aggressive tariffs on Mexico and Canada could have negatively impacted GM's stock, especially with its major production presence in Mexico, causing investors to react bearishly.
• Despite hitting a fresh high recently, GM's stock took a hit today possibly due to concerns over the potential impact of the proposed tariffs on its operations and profitability.
• The news of GM's involvement in Formula 1's expansion may have been overshadowed by the negative market sentiment driven by the tariff threats, contributing to the bearish movement in GM's stock today.

GM Price Chart

GM Technical Analysis

GM News

General Motors Unusual Options Activity - General Motors ( NYSE:GM )

Investors with a lot of money to spend have taken a bullish stance on General Motors GM. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/11/42197643/general-motors-unusual-options-activity

General Motors, Stellantis Lead Automaker Stock Declines As Trump Proposes Aggressive Tariffs On Mexico, Canada - General Motors ( NYSE:GM )

Shares of automakers including Ford Motor Co F, General Motors Co GM and Stellantis N.V. STLA are trading lower Tuesday after President-elect Donald Trump threatened tariffs on goods imported from Canada and Mexico.

https://www.benzinga.com/news/global/24/11/42196251/general-motors-stellantis-lead-automaker-stock-declines-as-trump-proposes-aggressive-tariffs-on-mexic

Automaker shares fall as Trump threatens 25% tariff on Mexico and Canada

Automakers like General Motors and Stellantis have major production presences in Mexico and could take a hit from tariffs.

https://www.cnbc.com/2024/11/26/gm-stellantis-shares-fall-on-trump-tariff-threat-for-mexico-canada.html

General Motors Company ( GM ) Hits Fresh High: Is There Still Room to Run?

General Motors (GM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

https://www.zacks.com/stock/news/2375268/general-motors-company-gm-hits-fresh-high-is-there-still-room-to-run

Formula 1 Stock Hits 52-Week High, Announces 11th Team With General Motors/Andretti Global After Max Verstappen's Fourth Straight Title - Liberty Formula One Gr ( NASDAQ:FWONA )

Formula 1 is expanding with an 11th team joining the global motorsport for the 2026 season, naming General Motors GM with Andretti Global. While the new team is still over a year away from starting, it will add an increased American presence to the sport and more competition for recent and ...

https://www.benzinga.com/general/sports/24/11/42178255/formula-1-stock-hits-52-week-high-announces-11th-team-with-general-motorsandretti-global-after-max

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General Motors Company Price History

22.09.2024 - GM Stock was up 10.4%

• GM outperformed expectations in the third quarter, particularly in its North America operations.
• The company posted impressive figures for earnings per share, sales growth, and adjusted EBIT, signaling a successful shift towards electric vehicle profitability.
• General Motors raised its full-year guidance, outperforming revenue and earnings predictions, leading to the stock's upward movement.
• The market reacted positively to GM's strong Q3 results and optimistic future outlook, driven by increasing consumer demand and the company's strategic focus on key areas such as pickups and EVs.

22.09.2024 - GM Stock was up 5.4%

• GM exceeded Q3 revenue and EPS estimates, inspiring a bullish sentiment among investors.
• The company lifted its annual profit forecast, reflecting increasing consumer demand and a favorable future outlook.
• Despite previous warnings of 'rising earnings headwinds,' GM's robust financial results have eased concerns and increased investor confidence.
• Emphasis on advancements in electric vehicle production within the earnings report probably influenced the positive market response, highlighting GM's dedication to innovation and sustainability in the automotive sector.

10.08.2024 - GM Stock was down 5.2%

• GM's plans to manufacture hybrid-flex vehicles in Brazil were overshadowed by concerns arising from delays in finalizing a significant deal with Lithium Americas, potentially impacting investor confidence negatively.
• The advancements made by Alphabet's Waymo and GM's Cruise in autonomous vehicle technology may have underscored challenges within GM's own autonomous driving endeavors, influencing investor perception adversely.
• The competitive landscape in the electric vehicle sector, particularly with Tesla's cutting-edge offerings like the Cybertruck, could be prompting GM to hasten its electric vehicle projects, leading to investor uncertainty.
• Overall, despite GM's growth over the past year, recent setbacks and competitive pressures likely contributed to the stock's bearish performance today.

22.10.2024 - GM Stock was up 5.1%

• General Motors' recent uptrend may be linked to its potential entry into the Formula One racing grid by 2026, sparking interest among investors in the company's growth prospects in the racing industry.
• Cost-cutting efforts, such as layoffs and plans to trim expenses by $2 billion by 2024, are viewed favorably as proactive measures to enhance efficiency and profitability, also contributing to the positive momentum.
• Contrasting Ford's reduction in its European workforce due to weak demand for electric vehicles, General Motors' strategic decisions seem to have reinforced investor confidence in the company's positioning and overall direction, driving the stock's upward movement.

12.08.2024 - GM Stock was up 5.1%

• GM's bullish movement can be attributed to exploring collaboration with Hyundai Motor and expanding its partnership with EVgo for installing fast-charging stalls in major U.S. metropolitan areas, indicating a strategic focus on the growing EV market.
• The potential deal with TDK for US-made Chinese batteries and the memorandum of understanding with Hyundai Motor to explore collaboration on vehicles, supply chain, and clean-energy technologies have likely boosted investor confidence in GM's future prospects.
• The decision to sell the GM Credit Card Business to Barclays as part of Goldman Sachs' refocusing efforts on investment banking and trading businesses may have also positively influenced GM's stock performance by streamlining operations and enhancing profitability.

25.08.2024 - GM Stock was down 6.0%

• Analysts have revised their price targets for GM, with a notable reduction by Morgan Stanley from $47 to $42, indicating a bearish sentiment.
• Despite being considered a great growth stock with above-average financial growth, concerns about valuation have led to a downgrade by a Bernstein analyst.
• The comparison between GM and another company in the sector raises questions about GM's value proposition, potentially impacting investor sentiment.
• The news about Tesla and Chinese EV startups outpacing traditional automakers like GM in critical software for electric vehicles could have also contributed to the bearish movement, highlighting potential challenges for GM in the EV market.

25.08.2024 - GM Stock was down 5.1%

• Analysts shifted their stance on automakers, favoring dealers and parts companies over GM.
• Wall Street analysts revised GM's price target downwards.
• GM faced a bearish market movement despite being a growth stock with above-average financial growth.
• Market comparisons against competitors may have impacted GM's stock performance.

22.09.2024 - GM Stock was up 9.2%

• GM reported Q3 earnings and revenue that surpassed estimates, with adjusted earnings per share of $2.96 beating expectations and quarterly sales of $48.757 billion exceeding analyst consensus.
• The company raised its annual profit outlook due to growing consumer demand, indicating a positive outlook for future performance.
• The market reacted positively to GM's strong financial performance and optimistic guidance, driving the stock price higher.
• Investors are likely encouraged by GM's ability to deliver solid results and its confidence in sustaining earnings strength into the next year.

26.10.2024 - GM Stock was down 5.8%

• The potential entry of GM into Formula One in 2026 could have raised concerns among investors about the company diversifying into a new and highly competitive industry, leading to a bearish sentiment.
• Workforce layoffs at GM might have signaled to investors that the company is facing economic challenges, causing a lack of confidence in its future growth prospects.
• Uncertainties surrounding Lithium Americas, a company well-placed in the electrified future market, could have impacted GM's stock negatively as it may rely on lithium for its electric vehicle production, creating a ripple effect in the market.

26.10.2024 - GM Stock was down 9.4%

• Unusual options activity showing a bullish stance on GM could indicate conflicting sentiments among investors, leading to market uncertainty and potential selling pressure.
• President-elect Donald Trump's proposed aggressive tariffs on Mexico and Canada could have negatively impacted GM's stock, especially with its major production presence in Mexico, causing investors to react bearishly.
• Despite hitting a fresh high recently, GM's stock took a hit today possibly due to concerns over the potential impact of the proposed tariffs on its operations and profitability.
• The news of GM's involvement in Formula 1's expansion may have been overshadowed by the negative market sentiment driven by the tariff threats, contributing to the bearish movement in GM's stock today.

26.10.2024 - GM Stock was down 9.0%

• The threat of a 25% tariff on Mexico and Canada has negatively impacted automaker shares, including GM, due to their major production presence in Mexico.
• Despite hitting a fresh high recently, GM's stock faced a bearish trend possibly due to concerns over the potential impact of the proposed tariffs on its operations and profitability.
• The announcement of layoffs by GM to trim costs and navigate economic challenges might have also contributed to the bearish movement in the stock.
• The overall market sentiment towards automakers and economic uncertainties could have further fueled the downward pressure on GM's stock price today.

08.07.2024 - GM Stock was up 5.7%

• GM's bullish movement could be attributed to the positive sentiment surrounding the company's position as one of the best EV stocks under $50.
• The industry-wide airbag recall affecting several manufacturers, including GM, might have caused investors to reevaluate the company's safety standards and potentially resulted in increased confidence in GM's vehicles.
• The insider sale of shares by the EVP & GM of Flash Business at Western Digital Corp (WDC) may have shifted investor focus towards GM, leading to increased buying activity and driving the stock price higher.
• With growing competition in the EV market and concerns over Tesla's overvaluation and operational challenges, investors may be turning to established players like GM for more stable investment opportunities, contributing to the bullish movement in GM's stock.