GM (GM) Spikes on June Sales Results; Shares Up 3%
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Shares of General Motors (NYSE: GM) have spiked intraday after releasing its June sales results. The automaker reported its adjusted sales fell 8%, much better than the down 21% that the Street expected.
Just before the sales results hit the market, shares of GM were down nearly 6% from yesterday's close. The stock has now spiked and is up more than 3%, swinging about 9% from the session lows. The GM report has also caused a bounce in shares of Ford (NYSE: F).
General Motors Corporation and its subsidiaries engage in the development, production, and marketing of cars, trucks, and related parts worldwide.
Just before the sales results hit the market, shares of GM were down nearly 6% from yesterday's close. The stock has now spiked and is up more than 3%, swinging about 9% from the session lows. The GM report has also caused a bounce in shares of Ford (NYSE: F).
General Motors Corporation and its subsidiaries engage in the development, production, and marketing of cars, trucks, and related parts worldwide.
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