$52.63
By comparison, shares of GM’s cross-town rival, Ford Motor Company, increased 1.54 percent, or $0.21, during the same timeframe.
GM Stock Factors
GM stock value fell slightly this week after a 6-percent drop last week and stable performance the week prior.
Some of the factors affecting GM stock value this week include the announcement of a second recall for the Chevy Bolt EV over a potential fire risk, affecting some 50,000 units. GM previously issued a recall in November of 2020 for 69,000 Chevy Bolt EV models, while issuing an initial fix for the issue in April.
In GM production news, the automaker will be forced to idle North American pickup production through the remainder of July, while downtime at the GM CAMI plant in Canada has been extended to August 16