General Motors Co. Stock Underperforms Wednesday When Compared To Competitors
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Shares of General Motors Co. (GM) slid 3.41% to $32.28 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.73% to 4,115.24 and Dow Jones Industrial Average falling 0.77% to 32,799.92.
The stock's fall snapped a two-day winning streak.
General Motors Co. closed $11.35 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 Wednesday, as Tesla Inc. (TSLA) fell 1.54% to $182.90.
Trading volume (13.3 M) remained 1.1 million below its 50-day average volume of 14.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 24, 2023.
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May 24, 2023 16:57 ET (20:57 GMT)
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