Stock Of The Day: Is The General Motors Downtrend Over?
GM(GM) Benzinga·2024-12-23 15:54
Shares of General Motors Company GM are little changed Monday despite news that rivals Honda Motor Co., Ltd. HMC and Nissan Motor Co., Ltd. NSANY are discussing a merger. This would create the world's third-largest automaker.It is not clear how this would affect the long-term prospects of GM. But in the short term, the recent downtrend may be over. The stage may be set for a rally. This is why we have made it our Stock of the Day.Some analysts believe that markets are efficient and stocks follow a ‘random w ...