Shares of General Motors (NYSE:GM) saw some unusual options activity on Monday. Following the unusual option alert, the stock price moved down to $54.03.
Shares of Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) are trading lower as renewed COVID-19 concerns weigh on economic recovery outlook.
A ramp-up in new Covid cases is bringing fear that we may take a step backward here, weighing on stocks to start the week. Wall Street continues to show signs of tracking the bond market, and bond yields posted fresh five-month lows this morning.
The automotive industry has been surprisingly resilient despite facing over a year's worth of roadblocks, most recently the global semiconductor shortage, which has impaired supply chains, BofA Securities analyst John Murphy said in a Friday note.
Shares of General Motors (NYSE:GM) saw some unusual options activity on Friday. Following the unusual option alert, the stock price moved down to $56.38.
Ford Motor Co (NYSE: F) is exploring shipping vehicles sans chips to dealers as it looks to mitigate the inventory pileup of unfinished vehicles and keep the manufacturing plants running, Automotive News rep
Following reports of two vehicles catching fire, General Motors Co (NYSE: GM) told owners of its 2017 to 2019 Bolt electric vehicles they should refrain from parking inside or charging their vehicles unattended overnight.
Love him or hate him, Elon Musk is a lightning rod for analysts. His efforts have been both praised for their visionary approach (Tesla electric automobiles; Boring Co.) and derided as distractions (Tesla Semi, SolarCity).