GM Stock Value Down 3 Percent During Week Of January 27 – January 31, 202017
The value of GM stock fell during the January 27th, 2020 – January 31st, 2020 timeframe. Shares closed the week at $33.39 per share, which represents a decrease of $0.92 per share, or almost 3 percent, compared to last week’s closing value of $34.31.
Movements in GM stock value for the week were as follows:
- Monday, January 27th: General Motors stock opened at $33.25 and closed at $33.39
- Tuesday, January 28th: GM stock opened at $33.40 and closed at $33.33
- Wednesday, January 29th: GM stock opened at $33.80 and closed at $33.60
- Thursday, January 30th: GM stock opened at $33.57 and closed at $33.64
- Friday, January 31st: General Motors stock opened at $33.63 and dropped to $33.41 by market close
This week’s decrease in GM stock value marks the second consecutive week of negative growth for share values after the preceding rebound during the January 13th, 2020 – January 17th, 2020 timeframe. Before that, GM shares experienced a three-week decline. The ebb and flow is a net loss for GM shareholders, which is rather disappointing after the upward movement GM share values experienced prior to the last week of 2019. We do not believe the publicity following the recent arrest of GM employees for street racing C8 Corvettes influenced the decrease in value.
GM shareholders may also be annoyed by the fact that Tesla shares have been performing very well. There’s also the possibility that the announcement of Tesla’s revealing of its Cybertruck pickup truck negatively impacted GM share values, as it could make Tesla a potential threat to GM’s leading position in pickup trucks, though GM has since gone on the record to outline the obstacles that must be overcome before electric vehicles become mainstream.
However, General Motors has since confirmed that it will revive the Hummer nameplate on an all-new fully electric pickup truck. The announcement does not appear to have given GM stock value any significant boost, which might be adding insult to injury when it comes to comparing GM to Tesla, which managed to generate a lot of publicity and attention regarding the Cybertruck’s reveal. Tesla stock has been on a steady rise throughout the first month of 2020.
Of course, there are many factors contributing to the current rut. For starters, when GM released its Q4 2019 sales figures three weeks ago, share values experienced a decline of over 6 percent. It’s possible that the news may have contributed to the continued decline in GM stock. It’s also possible that delays caused by the UAW strike and the consequential customer dissatisfaction due to parts shortages are contributing to this decline in GM stock value. Additionally, the recalls announced recently, which involve an incorrect alternator connection in GM full-size pickups, as well as a faulty brake control module in the Chevrolet Silverado, the GMC Sierra and the Cadillac CT6, could have also eroded the previous upward momentum.
Other aspects may also be influencing GM stock value, including the RICO lawsuit GM filed against FCA, in which GM claims that FCA was “paying millions of dollars in bribes to obtain benefits, concessions, and advantages in the negotiation, implementation, and administration” of the labor agreements. Adding to the drama is the fact that UAW President Gary Jones stepped down amid the investigation. However, it’s unclear how either event impacted GM’s stock value at this time.
The continuing ebb and flow is emblematic of GM stock value’s overall performance, as it has been in limbo throughout most of 2019. GM stock saw an initial jump in value as a result of overwhelmingly positive Q2 2019 earnings, wherein the automaker outperformed expectations. Several subsequent drops in value prior to the strike are believed to have been related to warning signs of an economic slowdown, along with various escalations with trade wars in China.
By comparison, shares of GM’s cross-town rival, the Ford Motor Company, decreased $0.16 per share, or nearly 2 percent, this week.
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, CT6) and closing various plants to focus on more profitable crossovers, SUVs and pickup trucks, such as the all-new 2021 GMC Yukon.
Despite these actions, the value of GM stock has struggled to surpass the $40 mark, spending most of its time stuck in the $33-$38 per share range. The chain of events is problematic given that the “new GM” had its Initial Public Offering (IPO) at $33 per share in November 2010, causing frustration upon many investors.
We remain interested in seeing how GM stock performs through the early stages of 2020, 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 this year. All of these products are expected to contribute significantly to GM’s bottom line.
In addition, the automaker is planning to roll out the Cruise Origin, its autonomous ride-sharing vehicle in 2022, which will be built at the GM Detroit-Hamtramck plant in Michigan. GM sees the robo-taxi service as a significant opportunity for growth.
In July 2019, GM unveiled the new Corvette, which adopts a mid-engine layout for the first time in its history. Production of the mid-engine Corvette, also known as Corvette C8 or the 2020 Corvette, is underway, and the convertible model, announced in October 2019, will launch in 2020 as well. The Corvette is a noteworthy contributor to GM’s financial performance, since the Corvette carries healthy profit margins.
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Or maybe people are having less and less confidence in this rudderless drifting company that seems determined to run itself into the ground. I can tell you that people all around me are jumping this ship in droves turning to Toyota, Honda, Nissan, Subaru and the Korean twins and confidence in this once good company is slowing eroding to irrelevance.
The decline is a reflection of the major drop in the market last week that was about the virus in China. Everyone was down a large percentage.
All my stocks have taken a hit last week on this Corona virus.
All should rebound soon.
yeah but how many companies have stock prices trading at the same price as 2009?
Many! Many automakers are not even doing as well as GM.
Checked Ford FCA lately?
Even Hyundai is only $30.
Automaker stock is not the hot ticket today.
Do you have children ?
I ask because of this point !
This site and other GM sites are great and funny at the same time. First off GM is trying to tell you ” we have something great coming ” then when it arrives we get ” Good Enough ” and nothing great !
Then GM is all over the stock holder, ” invest in GM ” we have something great coming, and will pay you dividends. However nothing great comes, yet you get paid dividends !
But every time GM fails to deliver the ” great ” there is always an excuse, and when there is not an excuse, its always ” well have you looked at the others !
I love it, Check out the Ford family stock!
Well check out the Tesla stock !
And look at the Hyundai stock, WHAT, GM is a 110 year old automaker, and you are comparing it to Hyundai !
Any way back to the kids. When you were young, and maybe you still are, and your friends egged a teachers house or something like that. So you joined in and then got caught ! Now when your mom or dad was scolding you and trying to teach you the difference between right and wrong , did it work when you said,” well they were doing it ” ?
GM lovers are like, see GM is the greatest !!
But most of the time GM is hardly ” Good Enough ” today !
So then the GM lovers are like, well the others are just like us, they are no better !
When did driving greatness become driving everyone to the lowest !!
Well we don’t have to do our best, make the best, we just need to make the cheapest thing we can and out sell the lowest cheapest competitor !
Then tell all of our customers, well ours is better than theirs !!
They threw eggs also !!
At least you got your dividend check, for now, that I paid for by purchasing GM known faulty parts !
You see I look at is as GM paid for you to do nothing but invest, and that’s OK, I also invest , NOT in GM however.
So I also did kind of invest in GM as I buy GM vehicles – follow – Yet my dividend would have been paid if GM fixed the parts GM knew were and are bad in my GM vehicles, yet GM did NOT pay me dividend ( by fixing the parts GM knows, were and are bad ) yet paid you for buying stock !
You see, I and many others TODAY look at that very thing. We are investors, just like you, yet when we see a company NOT tend to the product investor , yet tend to the money investor, we NEVER invest in that company.
It is ethically WRONG, and should be fraud ( to sell a product you know is junk ) we were taught NOT to be like the egg thrower !!
Be better, be great, do the right thing !
Tesla stock today is now worth 3 X the value of GM and 4 X Ford
Tesla is pure tech stock speculation. It is not based on profits or even a dividend.
It is the hope of future profits that have still not arrived as no dividends.
Now Musk has been isolated they may actually pay out at some point.
that is not true. look at hyundai’s chart (HYMTF)
in february 2009, they were about 8. now 33.
So GM stock has been below a dollar to as high as $90 over its history. To remain stable in the volatile is not an easy task today.
Coming from a legacy of high cost, over capacity, bad contacts, high development cost in an era when most MFGs are merging and partnering GM is still able to do most of there work in-house.
Look at that list of GM excuses !
Ha, Ha, Ha, Ha, Ha.
WOW $90 whole dollars, I think I better run out and get some of that action.
Lets see I can sell ONE share of my Tesla stock and buy 27 shares of GM !
Sounds good right ?
Ha, Ha, Ha, Ha, Ha.
Then I could wait, and wait, and wait, and wait, and wait, and wait, and wait, GM is going to do something they haven’t done in 50 years, make a vehicle that customers WANT, instead of a vehicle customers need !!
Na, I think ill hold my Tesla stock a few more years ! Maybe when they get that Berlin factory up and running, ill let go of some, who knows !
As far as GM, Ha, good luck !
If it wasn’t for you C8.R, and your type, GM would be broke again already !
Just keep holding on to it, maybe someday it will be worth $90 again.
Lets see GM dividend at 38 cents one share of Tesla sold, that’s 2485 shares of GM you need to own, at $34.72 a share = $86,282.85 invested.
If you would have invested that same $86,282.85 five days ago, and sold today you would have made $56,967.27 at 34 cents a share that’s that is 167,550 shares of dividends paid in 5 days on ONE Tesla share !
C8.R, just keep swimming, just keep swimming, just keep swimming, just keep swimming, just keep swimming !!
You are a hoot, man what a hoot !
Also C8.R, remember, I will use you saying that GM stock was as low as one dollar, if Tesla hits a dollar, like I like to use Tesla STILL GETS A TAXPAYER BAILOUT, if they need it !!
They have an awful way to go down to equal where GM has been !
And YET TODAY GM STILL, just cant figure it out, after all I have been trying to tell then to quit listening to YOU !!!!!
What a HOOT !
Just want to say good bye !
It has been fun over these last 4 to 5 years, but I am done !
I have some things to do out of the country, and am just going to be done on this site and with GM vehicles.
No longer life long GM owner, after 40 years !!!
Good luck, hang in there !
not true. hyundai motors (HYMTF) went from $7/share at the start of 2009 to $34 today.
I couldn’t agree more !
GM is just to far behind, in todays world, and to top it off, STILL HAS NO customer support, a real relationship with the people buying their vehicles. Foe every recall and GM known faulty part ” not fixed ” spreads three fold to a potential customer !
Even the people like myself who still drive GM, are sitting around talking, how can GM build suck $hit and treat their customers like that !
Sure a lot of its recalls, and stuff, but here its still the GM 8 speed junk transmission. These guys driving around with the hard shifts and the slippy feeling junk, just cant believe GM doesn’t do anything for the customer !
Sure it will come back after the new China scare, but what is the next Chins scare ? Will GM ever be able to make a higher quality equally reliable vehicle as in the past, and ever be able to stand behind it ?
The new GM and their ” Hype and Wait ” theory is never going to work, if all we ever get is the ” Hype ” and when we ” Wait ” we get junk wit no customer support !
GM needs some integrity , when you know you have issues, fix the issues, end the lawsuits of blame, fess up, fix your junk and earn some loyalty back !
Then watch the stock rise !
Otherwise GM will never be any more than the same old USA legacy corporation, and on the same trajectory as the others like, K-Mart, Sears, GE, IBM, JC Penny, and others who just REFUSE to change for the present !!
Sure it goes up and down, but GM stock isn’t even keeping up with the average !
Tesla hit $780 today up $140 just today. Their market cap increased more than all of GM shares in less than a week.
Ford and GM stock are stuck in the mud.🤣
GM is stable and Ford is in Cardiac Arrest.
Anyone read about Fords $3.6 billion in losses for last year. They are now expecting this year not to be much better.
Stock is at $8.33..
While GM is paying dividends.
You can say what you like but GM in not as bad off as the haters like to make it. Sure it could be better in a perfect world but it also could be worse like Ford is.
Good thing Athens Ford family own controlling interest. If not they would have been bought out and broken up.