General Motors GM shares are trading higher by $0.14 at $29.58 in Tuesday's session. Although February US vehicle sales were down 0.01%, retail deliveries were up 7%.
Off the open, the issue made another attempt to clear the major resistance at the $30 level, but reached $30.23 and quickly reversed course. This marks the ninth time since January 19, General Motors has tested the $30 area, but has been unable to distance itself from this crucial technical level.
Since making the high, it swoon all the way to $28.92 before rallying back into the mid $29 handle. It posted only one close over $30 in the month of February and that was on the first day of the month, when it ended the session at $30.01.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in