fbpx

QQQ
-4.48
382.79
-1.18%
BTC/USD
+ 465.77
48203.59
+ 0.98%
DIA
-2.49
350.67
-0.72%
SPY
-5.78
452.95
-1.29%
TLT
-0.72
150.61
-0.48%
GLD
-0.25
164.28
-0.15%

What's Up With General Motors' Stock Today?

July 29, 2021 12:50 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

General Motors Co (NYSE:GM) is trading higher Thursday in sympathy with Ford Motor Co (NYSE:F) after the company reported better-than-expected second-quarter financial results and raised guidance.

Ford reported quarterly earnings of 13 cents per share, which beat the estimate for a loss of 10 cents per share. The company reported quarterly revenue of $26.8 billion, which beat the estimate of $23.84 billion.

Ford raised its full-year 2021 adjusted EBIT guidance by about $3.5 billion to a range of $9 billion to $10 billion.

General Motors is scheduled to announce its second-quarter financial results Aug. 4.

Price Action: General Motors has traded as high as $64.30 and as low as $24.44 over a 52-week period.

At last check Thursday, the stock was up 3.15% at $57.24.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to Benzinga Podcasts and our YouTube channel.

Posted-In:

Movers Trading Ideas

Related Articles

Why Ford, GM And Nio Are Moving Today

Shares of several companies in the broader automotive industry, including Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM) and Nio Inc - ADR (NYSE: read more

Why Ford Motor's Stock Is Trading Lower Today

Ford Motor Company (NYSE: F) shares are trading lower after the company reported July US auto sales were down 31.8% year-over-year. The company reported July 2021 vehicle sales of 120,053, which is down from 175,908 vehicles in the same month last year. read more

Why Are Ford And General Motors Shares Trading Lower Today?

Shares of Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) are trading lower as renewed COVID-19 concerns weigh on economic recovery outlook. read more

Why Ford's Stock Is Moving Today

Ford Motor Company (NYSE: F) shares are trading higher after the company reported first-half China sales exceeded 306,700 vehicles, representing 24% growth year-over-year. The company also reported sales of Lincoln luxury vehicles surpassed 42,200 vehicles, up 111.4%. read more