The value of GM stock increased slightly during the March 25th, 2019 – March 29th, 2019 timeframe, closing the week at $37.10 per share. The performance represents an increase of $0.66 per share, or 1.8 percent, compared to last week’s closing value of $36.44.
Movements in GM stock value for the week were as follows:
- Monday, March 25th: GM stock opened the day (and the week) at $36.48 and closed at $36.75
- Tuesday, March 26th: GM stock opened at $36.93 and closed at $36.87
- Wednesday, March 27th: opened at $36.92 and closed at $36.61
- Thursday, March 28th: General Motors stock opened at $36.70 and fell to $37.06 at market close
- Friday, March 29th: opened at $37.30 and fell slightly to close at $37.10 – $0.66 higher than last week, during which time GM stock lost $1.90 in value
The changes represent a rebound after two consecutive weeks of decline for GM stock value, which followed a seven-week-long rally. Shares saw a weekly low of $36.26 (on Monday) and a weekly high of $37.40 per share (on Friday). By comparison, shares of GM’s cross-town rival, the Ford Motor Company, gained 2.8 percent during the week.
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, roughly the IPO price of the “new GM” in November 2010 – a circumstance that has had many investors frustrated. However, the current value of $37.02 marks a notable improvement in the value of GM shares.