GM Stock Shows Impressive bearish Momentum with -0.08% Movement on Jan 31, 2025
Date: Jan 31, 2025 (Friday)
open : $49.67
close : $49.46
low : $49.18
high : $51.73
previous close: $49.50
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On Jan 31, 2025 (Friday), GENERAL MOTORS COMPANY (GM) in the Consumer Cyclical sector showed bearish momentum of -0.08% relative to previous day's close. The stock belongs to the Auto Manufacturers industry within the Consumer Cyclical sector.
At the opening bell, the stock started with a minor gap up at $49.67, compared to the previous close of $49.50 (a minor gap up of 0.34%).
GENERAL MOTORS COMPANY which is a Large-Cap stock with market cap of 49.213B hit a high of $51.73 and a low of $49.18, creating a trading range of $2.55. The price movement for the day was -0.42% lower than the opening price.
During the day's session, the GENERAL MOTORS COMPANY saw a significant increase in trading activity, trading 20,546,400 shares, which is up 77.50% from the average of 11,575,675 shares. This surge in volume suggests heightened investor interest or a major event driving the stock's movement.
The stock showed high volatility (5.16%) with a wide trading range and a large movement (the stock surged from $49.18 to $51.73).
If we look at the last 30 days daily chart, the stock has been in a sideways market, but today’s close < open forms a bearish candle, showing a negative move and indicating selling pressure as bears take control.
Disclaimer: This analysis is provided solely for educational purposes and does not include any recommendations. For any financial decisions, it’s advised to consult with your financial advisor.