Bulletin
Investor Alert

Market Pulse Archives

Sept. 17, 2019, 10:51 a.m. EDT

General Motors stock gains as strike continues

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    General Motors Co. (GM)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Claudia Assis

Shares of General Motors Co. /zigman2/quotes/205226835/composite GM -3.00% rebounded early Tuesday as the strike affecting the company entered its second day. The stock gained 0.5% in early trading, breaking a four-day losing streak and after closing down 4.3% on Monday. About 50,000 GM workers entered a strike this week, at a cost to the company of about $50 million a day, according to analyst estimates. The strike affects more than 31 GM plants, the majority of the company's North American production. Shares of GM have gained 12% this year, compared with gains of 16% for the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.48% .

/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 25.88
-0.80 -3.00%
Volume: 22.22M
May 29, 2020 4:00p
P/E Ratio
7.92
Dividend Yield
0.00%
Market Cap
$37.04 billion
Rev. per Employee
$849,994
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
loading...

Get news alerts on General Motors Co. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.