GM Stock History

GM Stock News

 GM possibly looks to be the lead negotiator in acquiring Chrysler from Cerberus Capital Management LP. Personally, the deal doesn't make any sense to me, there are way too many overlaps, and to me it just seems to be a destruction of Chrysler, and the only brand in Chrysler that seems to be viable seems Jeep, and GM already has its hands full with Hummer. Are we witnessing another disastrous marriage? I guess Chrysler is a widow maker, and I am won't be too surprised if the merger happens and a few years down the road, GM regrets making the purchase.

Chevy Volt Concept Design: Pictured Right

One of the bright spots, at least in perspective is the Chevy Volt. Chevy Volt is a hybrid car that is expected to debut in year 2010. Although, I have never owned any GM vehicle, nor does any of their vehicles real interest me (in terms of buying), this is one vehicle I would certainly try to get my hands on. I don't know what drove GM to scrap its EV1 Electric Vehicle, I hope GM doesn't follow or make such foolish decisions again. More importantly, GM should not lose its sight in lieu of falling gas prices; instead it should focus on producing vehicles that rely on alternate sources of energy. This would ensure that General Motors (GM) bottom line isn't at mercy of gas prices. The reason SUVs are popular because, people like them - they are flexible, and have huge spaces. GM should focus on bringing SUVs on the lines of Chevy Volt. I am sure; people wouldn't discriminate against a Green SUV.

I know this is a bit of an off-topic but, why hasn't anybody covered the onslaught of Chinese automakers planning to enter US market? I don't know when the Chinese automakers plan to enter US (probably pushed back due to weakening economy), but GM should take into account the competition Chinese automakers can give, especially in such a down economy, people might not be so hesitant to buy an automobile names "Chery". Some of the Chinese automakers include Chery, Geely and Shanghai Automotive Industry Corp.

General Motors - GM Stock History

I will be discussing GM stock's history for the current year to date, some major news events that affected the price of its stock, how its competitors Like Ford Motor, Toyoto Motor, Daimler, Chrysler, Nissan, Honda, and Kia are doing. The article will also report key financial ratios of General Motors (GM), and its major share holders.

General Motors Corporation

Ticker Symbol: GM 

Last Trading Session GM Stock Activity: On October 31st, General Motors Corporation stock closed at $5.79. The Stock opened at $5.92, went up as high as $6.07, and a low of $5.69 in late trading session. In After Hours Trading, GM stock was up 2.42% at $5.92. The company's shares changed hands about 18.14 million times, and in Early Trading before market opened, GM went as low as $5.62.

General Motors Corporation Stock Info

General Motors has a market capital of $3.28 billion. GM stock's 52 Week high shows how far GM has fallen. At its 52 Week High, GM stock traded at an unbelievable price of $39.45! The current trading price? 5.79! Wow? Whoever had GM stock as a major part of their portfolio must have lost huge fortunes! The company's 52 Week Low stood at $4.00, not surprising looking at the current stock price. On average GM stock has a volume of 28.23 million, and a beta of 1.75, which means that GM stock is 75% more volatile than the market. There are about 566 millions share floating, and 95% of them are institution owned - a pretty high number.

Among institutional holders, Dodge & Cox, Southeastern Asset Management, Brandes Investment, AXA, Capital Research Global Investors, and Credit Suisse make some of the biggest institutional holders. Capital Research Global Investors, Capital World Growth and Income Fund, Long Leaf Partners Fund, Dodge & Cox Balanced Fund, and Capital Income Builder are some of the major mutual fund holders.

General Motors (GM) Stock Performance / GM Stock History

General Motors stock started the year at $24.41, and went through a gradual decline after reaching a 2008 year high of $28.98 in February 1. Believe it or not, this company actually handed out dividends the first two quarters! How the hell on earth a company strapped for cash, and in huge debt hand out dividends? The dividends were $0.25 a share. I mean were they worried that GM stock was going to crash if they didn't pay the dividends? I think they don't have to worry about that now; GM stock is well on its way. Of all the major Car Manufacturers, GM stock suffered the most, losing a whopping 76% of its market value. Honda Motors and Toyota Motor Corporation fare the best losing only in mid 20s.

The Matchup - General Motors, Toyota Motor Corporation, Ford Motor Company, Daimler AG, Nissan Motor, and Honda Motor.

As said earlier, General Motors lost the biggest. Its stock value dropped by 76%. The closes losers to GM were Daimler AG and Ford Motor Company. Both companies lost 64% and 67% respectively. The two Japanese companies, Honda Motor and Toyota seemed to have fared better, but the same cannot be said be about Nissan. Toyota Motor lost 28% of its stock market value, while Honda Motor lost 25%, and Nissan lost 56% - if you could say, comparable to American Automobile Corporations.

In the graph below, you can see how these corporations' stock performed for the year to date.

General Motors and Auto & Truck Manufacturers

Compared against the industry, Auto & Manufacturers industry has a whole lost about 49% of its value, a lot better than General Motors. S&P 500 also performed better than General Motors. It can be easily said that rising gas prices acutely affected the car manufacturing industry, hence such intense loss in its market value.