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General Motors Shares Held Back By Ongoing Recall: Chart of the Day

August 10, 2023
in Trade Tube
Reading Time: 1 min read
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General Motors stock looked like it was poised for a bull run six months ago — heading into the holidays, the automaker’s sales were up, and so was its stock. But 29 different recalls, all since February of this year, have erased big gains. The stock rose during the back end of 2013, but G-M shares are off nearly 20 percent to start the year. Now, investors are left wondering what is next at GM, with the company’s latest recall set to cost $400 million, and covering millions more cars. Analysts are worried that the cars being recalled – newer models – could hamper sales. But GM buyers pushed sales up, once again, in April, leaving room for optimism. ¿

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