General Motors (GM) Dips 11% Since Q2 Results: Time to Buy?

U.S. legacy automaker General Motors (GM) reported second-quarter 2024 results on Jul 23, before the opening bell. Since then, shares of the company have declined 11% despite better-than-expected earnings and sales and a raised full-year outlook. Investors are seemingly disappointed by weak China results, scaled-back electric vehicle (EV) plans and a $600 million charge for the struggling Cruise autonomous vehicle (AV) unit. Does the recent dip present a buying opportunity? Or is more correction on the hori ...