.September 4, 2024 at 8:10:02 PM

Wolfe Research downgraded General Motors Co. (NYSE:GM) to Peer Perform from Outperform, signaling a shift in the investment firm’s view on the automotive giant’s stock potential. On the day of the announcement, GM’s stock was priced at $48.45, reflecting the market’s valuation of the company. Despite a broader market downturn, GM’s stock closed at $48.45, showing a slight increase of 0.08%. With a trading volume of 8,180,300 shares, General Motors’ stock has shown volatility over the past year, ranging from $26.3 to $50.5. The adjustment in GM’s rating by Wolfe Research offers investors a nuanced view of the company’s market position.