GM Stock Value Stable During Week Of July 1 – July 5, 2019
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The value of GM stock decreased during the July 1st, 2019 – July 5th, 2019 timeframe. Shares closed the week at $38.50 per share, which represents a decrease of $0.03 per share, or less than 1 percent, compared to last week’s closing value of $38.53.
Movements in GM stock value for the week were as follows:
- Monday, July 1st: GM stock opened the day (and the week) at $38.93 and closed at $38.75
- Tuesday, July 2nd: opened at $38.50 and closed at $38.16
- Wednesday, July 3rd: opened at $38.73 and closed at $38.34
- Thursday, July 4th: Market closed due to Independence Day holiday.
- Friday, July 5th: General Motors stock opened at $37.98 and rose to $38.50 at market close
This week’s slight decrease follows four consecutive weeks of growth for GM stock, which followed four consecutive weeks of declines. Shares saw a weekly low of $37.74 (on Friday) and a weekly high of $38.99 per share (on Monday). The value remains below the $40 per share mark – which the stock has briefly surpassed five times so far in 2019. By comparison, shares of GM’s cross-town rival, the Ford Motor Company, also fell by $0.03 per share.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 2019/7/5 | 37.98 | 38.5 | 38.52 | 37.74 |
| 2019/7/3 | 38.5 | 38.16 | 38.69 | 37.99 |
| 20197/2 | 38.73 | 38.34 | 38.75 | 38.15 |
| 2019/7/1 | 38.93 | 38.75 | 38.99 | 38.43 |
Over the last few years, GM has taken many steps to increase the value of its stock, including exiting markets where it 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 to increase its share of high-profit automobiles, investing heavily into new-age mobility ventures such as electric vehicles and autonomous driving tech, while discontinuing some sedans (Cruze, Impala, LaCrosse, XTS) to focus on more profitable crossovers, SUVs, and pickup trucks.
The 2020 Cadillac XT6 is one of the all-new models meant to reinvigorate the Cadillac brand as part of GM’s strategy to increase the brand’s return
Despite these actions, the value of GM stock has struggled to surpass the $40 mark, spending most of its time in the $33-$38 per share range. To note, the value of the “new GM’s” Initial Public Offering, or IPO, was $33 per share in November 2010. The circumstance has frustrated many investors.
GM Cruise AV prototype testing in October 2018
We remain interested in seeing how GM stock performs during the second half of the year, especially as the Detroit-based automaker launches its GEM-based vehicles for developing markets, completes the roll-out of its full-size pickup trucks, and begins to launch its all-new full-size SUVs and various new Cadillac models – all products that are expected to contribute significantly to its bottom line. In addition, the automaker is still planning to roll out an autonomous ride-sharing service from its Cruise division by the end of 2019. GM sees the robo-taxi service as a “trillion-dollar opportunity”, with the automaker’s Cruise AV division set to launch the service in limited markets by the end of this year, though the timeline on this venture may have been pushed back.
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