General Motors Co. Stock Outperforms Market On Strong Trading Day

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Company profile

Cuentas, Inc. is focused on the business of using fintech technology. The Company provides mobile and e-commerce services for delivering financial, prepaid debit and digital content services to the unbanked, underbanked and underserved Latino, Hispanic, and immigrant communities. The platform includes a Mobile Wallet (Wallet) and a Digital Store (the Cuentas Digital Store) and is linked with a Prepaid Mastercard which can be used for automated teller machine (ATM) withdrawals, online purchases, and in-person purchases. The Company operates in two segments: telecommunications, and General-Purpose Reloadable Cards (GPR). Its e-commerce distribution and mobile payments ecosystem will allow consumers to purchase the Cuentass line of digital products and services through a nationwide network of retailers that specifically serve the Company's target market. Its Prepaid GPR Card allows each account holder to have a personalized Cuentas Mastercard and an associated Cuentas Account.

General Motors Co. Stock Outperforms Market On Strong Trading Day

4:58 pm ET May 5, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

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.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 05, 2023 16:58 ET (20:58 GMT)