U.S. Markets closed

GM Stock Is Set to End the Third Quarter in Negative Territory

John Parker
GM Stock Is Set to End the Third Quarter in Negative Territory

Last week, General Motors (GM) stock rose 2.0% after registering gains of 2.1% in the previous week. While GM stock gained 16.2% in May 2018, it turned negative in June and lost about 7.7%, 3.8%, and 4.9% in June, July, and August, respectively. The stock’s 14-day RSI (relative strength index) indicator was at 42.3, reflecting minor weakness in the momentum.