Buy General Motors Stock GM Stock Price Today & News
On the technical side, indicators suggest GM has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, dotbig.com/markets/stocks/GM/ the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently Hold.
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EVs Could Take a Hit From Swiss Plan for Power Shortages
The plants are expected to employ thousands of workers in the coming years. The organizing vote comes after Ultium denied access to organize workers despite the support from GM CEO, Mary Barra, for the right for employees to unionize. Free Report) and LG Energy Solution joint venture, Ultium Cells GM stock price today LLC, in Ohio, are voting to decide whether they are willing to join the United Auto Workers (“UAW”) union. It is the first time that the UAW union is organizing a major EV battery plant for a Detroit automaker. This will set a precedent for similar multibillion-dollar facilities to spring up.
You can find more information by going to one of the sections on this page such as historical data, charts, technical analysis and others. The value each GM share was expected to gain vs. the value that each GM share actually gained. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans DotBig to initiate any such positions within the next 72 hours. Aside from geographic expansion, Cruise is also exploring an expansion of driverless delivery services, like what it is testing with Walmart in Phoenix. Driverless services are an entirely different use case and may also be easier to scale due to the lack of passenger liability.
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- Deutsche Bank Aktiengesellschaft decreased their target price on General Motors from $36.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, October 26th.
- Depicted vehicles, chargers, and features may be simulated or preproduction and are subject to change.
- Most intriguingly, management decided to electrify the company’s most iconic automotive brands, like the Hummer, which should bring a whole new audience to the table.
- The Zacks Consensus Estimate for current-year earnings has remained constant in the past 30 days.
- Cruise is aiming to deploy thousands of vehicles in 2023, yet dozens of more cities will be needed to facilitate such an expansion.
The company also sells trucks, crossovers, cars, and purpose-built vehicles to dealers for consumer retail sales, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. Further, the company provides automotive financing and insurance services; and software-enabled services and subscriptions. General Motors Company was founded in 1908 and is headquartered in Detroit, Michigan. Several equities research analysts have recently issued reports on GM shares. Wells Fargo & Company raised their price target on General Motors from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Wednesday, October 26th. Royal Bank of Canada lowered their price target on General Motors from $45.00 to $44.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. TheStreet raised General Motors from a “c+” rating to a “b-” rating in a research report on Thursday, November 10th.
Quantitative Data Bolsters General Motors
Oct 30, 2022 GM’s entry into businesses affiliated with its core bode well, yet the market remains unimpressed.
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Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China.
General Motors Company Company Profile
However, General Motors also enjoys operating and net margins of 6.27% and 6.57%, respectively. Both stats rank better than at least 62% of the competition, making GM stock a viable market idea despite obstacles. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. Measures how much net income or profit is generated as General Motors stock a percentage of revenue. 13A year after its initial public offering, RIVN stock has disappointed But, for the most part, the Rivian business is on track Cyclical, macroeconomic risks might deter most… 1 By David Shepardson WASHINGTON – Many automakers and the South Korean government are urging the Biden administration to tap a commercial electric vehicle tax credit to…
Data from the SFCTA place the average ride-hail trip distance at 2.6 miles for intra-SF rides, with an average time of ~11 minutes. Given Cruise’s pricing structure, General Motors stock price today an average paid trip in a Cruise autonomous vehicle would be approximately $11.92. A longer trip, such as a 5.2 mile, 18 minute trip, could cost about $17.13.
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