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Could GM Stock Bounce Back This Week?

John Parker
Could GM Stock Bounce Back This Week?

Last week, which ended on August 17, General Motors (GM) stock fell 0.6% after registering a weekly loss of ~3.0% in the previous week. While GM stock gained 8.4% in the second quarter, it turned negative in July, losing 3.8% compared to a 3.6% rise for the S&P 500 index. This negative movement is continuing with a 4% loss month-to-date as of August 17. Last month, the company’s second-quarter results failed to impress investors.