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GM Stock Fell in Spite of Positive Q2 2018 US Sales Data

John Parker
GM Stock Fell in Spite of Positive Q2 2018 US Sales Data

Last week, which ended August 3, General Motors (GM) stock saw a minor weekly rise of ~0.5%. In the previous week, it fell 4.7%. In July, its second-quarter results failed to boost investor confidence. While GM stock gained 8.4% in the second quarter, it turned negative in July, losing 3.8% compared to a 3.6% rise in the S&P 500 index.