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Shares of General Motors Co. (GM) advanced 4.95% to $33.26 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.85% to 4,136.25 and the Dow Jones Industrial Average rising 1.65% to 33,674.38.
The stock's rise snapped a three-day losing streak.
General Motors Co. closed $10.37 short of its 52-week high ($43.63), which the company reached on February 16th.
The stock underperformed when compared to some of its competitors Friday, as Tesla Inc. (TSLA) rose 5.50% to $170.06.
Trading volume (17.2 M) eclipsed its 50-day average volume of 14.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 5, 2023.
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May 05, 2023 16:58 ET (20:58 GMT)
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