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General Motors shares rebound, ending three-day losing streak

General Motors Co (NYSE:GM). saw its shares rise by 1.47% to $33.06 on Monday, marking an end to the company's three-day losing streak. The positive trading session also extended to the broader market, with the S&P 500 Index climbing 0.40% to reach 4,337.44 and the Dow Jones Industrial Average increasing by 0.13% to settle at 34,006.88.

Despite the uptick, General Motors Co.'s closing price remained $10.57 below its 52-week peak of $43.63, reached on February 16th. However, the automotive giant managed to outperform some of its competitors during Monday's session. Notably, Tesla (NASDAQ:TSLA) Inc.'s stock saw a smaller increase of only 0.86% to close at $246.99.

Trading volume for General Motors Co., however, was lower than average during Monday's session. The trading volume was recorded at 7.3 million shares, which is significantly less than its 50-day average volume of 13.1 million shares.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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