General Motors (GM) stock is surging, prompting Benzinga to name it the ‘Stock of the Day.’ This rally has many wondering if it’s a genuine breakout or just another temporary bump. We analyze the stock’s chart patterns and explore the key factors driving the recent price action.
Bernstein analyst Adrian Yanoshik downgraded General Motors stock to Market Perform, citing valuation concerns and potential earnings headwinds. The analyst expects inventory build and a delayed push into electric vehicles to impact GM’s performance in the coming year. Yanoshik also believes that the company’s upcoming investor day could reveal additional capital requirements, potentially affecting its ability to generate free cash flow.
