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Sohini Mondal

General Motors Stock: Is Wall Street Bullish or Bearish?

GM

Valued at a market cap of $46.4 billion, General Motors Company (GM) designs, builds, and sells trucks, crossovers, cars, and automobile parts and is best known for manufacturing automobile brands like Chevrolet and GMC. Based in Detroit, Michigan, the company also provides software-enabled services and subscriptions. 

Shares of this multinational automotive company have underperformed the broader market over the past 52 weeks. GM has gained nearly 14% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 17.8%. But in 2024, things are looking up - GM’s stock has gained 16.9%, surpassing SPX’s 11.1% rise on a YTD basis.

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