The value of GM stock fell during the February 25th, 2019 – March 1st, 2019 timeframe, closing the week at $39.53 per share. That represents a decrease of 1.78 percent or $0.72 per share during the course of the week.
Movements in GM stock value for the week were as follows:
- Monday, February 25th:Â GMÂ stock opened the day (and the week) at $40.25 and closed at $40.14
- Tuesday, February 26th: GMÂ stock opened at $40.11 and closed at $39.91
- Wednesday, February 27th: opened at $40.09 and closed at $40
- Thursday, February 28th: General Motors stock opened at $39.82 and fell to $39.48 at market close
- Friday, March 1st: opened at $39.85 and fell slightly to close at $39.53 – $0.44 lower than last week, during which time GM stock gained $0.98 in value
The changes represent the first decline in GM stock value after a rally lasting seven consecutive weeks. Shares saw a weekly low of $38.71 on Monday and a weekly high of $39.05 per share today (Friday).
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 2019/3/1 | 39.85 | 39.53 | 39.97 | 39.0514 |
| 2019/2/28 | 39.82 | 39.48 | 39.91 | 39.2 |
| 2019/2/27 | 40.09 | 40 | 40.16 | 39.78 |
| 2019/2/26 | 39.91 | 40.11 | 40.36 | 39.83 |
| 2019/2/25 | 40.25 | 40.14 | 40.46 | 40.09 |
Over the last few years, GM has taken significant 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 profit over market share, focusing on turning around its Cadillac luxury brand for profitability, and investing heavily into new-age mobility ventures such as electric vehicles and autonomous driving tech.
Despite these notable actions, the value of GM stock has historically hovered around the $33 per share mark, identical to IPO price of the “new GM” in November 2010, a circumstance that has had many an investor frustrated. However, the rally experienced during the past several weeks marks a highly positive development. As one insider told us previously, “The iceberg has begun to move.”
Before this week’s drop in value, a GM stock rally of sorts lasted seven weeks. The rally seemingly started following an investors conference held immediately prior to the Detroit Auto Show in January, during which GM presented its strategy for new models intended for developing markets as well as several future Cadillac vehicles and how they will contribute to The General’s bottom line. During the Detroit Auto Show, GM unveiled the Cadillac XT6 crossover SUV and pre-announced an electric Cadillac crossover.
Other factors that could be contributing to the sustained GM stock rally include moves to permanently end the governmental shutdown as well as GM’s debut of its new Heavy Duty pickup trucks – the 2020 Silverado HD and 2020 Sierra HD.
Stay tuned to GM Authority for ongoing GM stock news and complete GM news coverage.
Comments
What, no big photo of Miss Mary “Machete” Barra on this story? She is the super duper ultra amazing one of a kind CEO leading the company, right?
Oh, wait, forgot that is only for POSITIVE news for female execs.
There is nothing new here.
There is nothing new at GM.
Sure GM sat down some of the investors and promised the moon, and stock went up. I still don’t know how that is different than what Elon did. O well.
Lets see XT4 – Average at best.
Let see XT6 – Average at best.
Lets see new Silverado – Average at best.
Lets see a bunch of refreshes – grills, fenders, lights – Nothing new here.
Lets see NO CUSTOMER SERVICE – Nothing new here.
Still losing market share on most fronts. China was holding them up, and still is to some point.
Moving people around – People leaving – People retiring.
Other than that nothing but — Empty promises of greatness —
GM’s Feb sales were down an estimated 5.8%.
That may have had something to do with it.
(Almost everyone’s were down, if it’s any consolation).
No, not all automaker sales were down so don’t make excuses.
GM has NO vehicles in the top 10 of sales. Shame.
“Affirmative Action” Mary Barra is suddenly quiet and nowhere to be seen. Coincidence? Sort of like AA Mary Barra’s photo never shows up on a negative article or news about GM. Only positive, ya know? Women are “perfect”!
Subaru sales are up 3.8 percent. They don’t sell trucks or large SUVs. They were also among the few who did well during the last financial crisis. Subaru management also seem to use their heads for thinking in business decisions and survive just fine with much lower profit margins. The little engine that could. As in can do what the grotesque monster GM cannot without free money from Uncle Sam: Thriving when the going gets tough.
Ascent, Impreza, Legacy, Outback are built in the USA, by the way. Your frumpy Encore isn’t.
Subaru’s been up for 87 consecutive months.
(That’s nearly 22 straight quarters for people who prefer quarterly reporting).
Captain Carl
Here in the U.S we don’t say 87 months we say 7 years and 3 months.
( we don’t say 22 quarters either we say 5 1/2 years instead)
Candy 4 the brain
It’s the quarterly reporting. Confuses people from countries that only use the metric system. Come back next month when GM has 2 vehicles in the top 10. Silverado and Equinox.
magirus
Yes, people all over the U.S. are trading in their Toyota’s and buying Subarus. KIA has reacted by building a copy cat Forester. Toyota has reacted by selling more vehicles to rental fleets.
How does any of this affect GM?
It’s interesting to me that Subaru is thriving while doing the exact opposite of what GM is preaching: ” The car market is dead until we go electric; we can only sell pickups and SUVs in the meantime”, similar to the narrative that arguably made them bankrupt ten years ago but nobody seems to notice or care.
And Subaru is doing well now as they did in 2009 while creating American jobs even though they did not owe us this (certainly they could have built in a plant in Mexico). One could make the argument GM owes that as they are the home team and also got a bailout, yet they are the ones reducing their footprint in the US. The reason for the latter is greed.
GM can make money too selling sedans and wagons, managers would just get less filthy rich doing so, as they are now with the less competitive , chicken tax protected pickup market. GM CEO makes $20 million, Subaru CEO makes $1 million.
Subaru sales are like their oil use. 1 quart monthly or 4 quarts quarterly.