The value of GM stock increased during the April 1st, 2019 – April 5th, 2019 timeframe, closing the week at $38.94 per share. The performance represents an increase of $1.81 per share, or 4.87 percent, compared to last week’s closing value of $37.1.
Movements in GM stock value for the week were as follows:
- Monday, April 1st: GM stock opened the day (and the week) at $37.40 and closed at $37.76
- Tuesday, April 2nd: GM stock opened at $37.83 and closed at $37.81
- Wednesday, April 3rd: opened at $38.25 and closed at $38.39
- Thursday, April 4th: General Motors stock opened at $38.4 and rose to $38.79 at market close
- Friday, April 5th: opened at $38.85 and climbed slightly to close at $38.94 – $1.85 higher than last week, during which time GM stock gained $0.66 in value
The change represents the second consecutive week of growth for GM stock value following a two-week slump. Shares saw a weekly low of $36.92 (on Monday) and a weekly high of $39.01 per share (on Friday). By comparison, shares of GM’s cross-town rival, the Ford Motor Company, gained 5.4 percent during the week.
So far, 2019 has been a net positive for GM shareholders, as there was a seven-week-long rally prior to the two-week drop.
Over the last few years, GM has taken many steps to increase the value of its stock, including exiting markets where it is unwilling to or can’t find ways to turn a profit (such as Europe, South Africa and India), closing plants in various parts of the world, divesting loss-making divisions (such as Opel-Vauxhall), making adjustments to its business model in order to prioritize profitability over chasing market share goals, focusing on its Cadillac luxury brand for high profitability, investing heavily into new-age mobility ventures such as electric vehicles and autonomous driving tech, and discontinuing some sedans (Cruze, Impala, LaCrosse, XTS) to focus on more profitable crossovers, SUVs, and pickup trucks.
Despite these notable actions, the value of GM stock has historically hovered around the $33 per share mark, roughly the IPO price of the “new GM” in November 2010 – a circumstance that has had many investors frustrated. However, the current value of $38.94 marks a notable improvement in the value of GM shares.