Why General Motors Stock Crashed Today
General Motors (NYSE: GM) closed out a strong 2024 with fourth-quarter results that beat Wall Street's expectations. The U.S.-based automaker also predicts another good year in 2025 with even better bottom-line results.
So investors might wonder why the stock tanked by more than 10% on Tuesday morning after that report came out. GM shares remained down by 10.4% as of 11:44 a.m. ET.
One reason for the stock's sharp decline was that GM stock soared nearly 50% in 2024. But it's what the company didn't say in its fourth-quarter report that has investors locking in profits.
Source Fool.com
General Motors Corp Stock
€69.30
0.540%
Currently there is a rather positive sentiment for General Motors Corp with 39 Buy predictions and 10 Sell predictions.
On the other hand, the target price of 62 € is below the current price of 69.3 € for General Motors Corp, so the potential is actually -10.53%.
