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General Motors Co (NYSE:GM) shares are trading lower by 1.6% to $43.24 during Thursday’s session after inflation impacting American producers showed mixed results. While the headline Producer Price Index (PPI) fell short of expectations, the underlying gauge exceeded them. This has kept market uncertainties alive regarding potential delays in interest rate cuts.
The PPI experienced a year-on-year increase of 2.1%, its highest level in nearly a year. This followed unexpectedly robust consumer inflation data, causing significant market reactions…Read More
An increase in producer prices suggests rising costs for inputs such as materials and labor. For companies like GM, which rely on a complex supply chain for manufacturing vehicles, higher production costs can eat into profit margins.
Market uncertainties regarding potential delays in interest rate cuts can also affect investor sentiment. Higher inflation readings might lead to concerns about the Federal Reserve tightening monetary policy sooner than expected. This could dampen investor confidence in companies sensitive to interest rate changes, including those in the automotive industry.
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An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like General Motors‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. General Motors does pay a dividend, which yields 1.15% per year as of the closing price on Apr. 11, 2024. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
For example, if you're looking to earn an annualized return of 17.73%, you'll need to buy a share of abrdn Inc Credit Strat by the Apr. 22, 2024. Once done, you can expect to receive a nominal payout of $0.1 on Apr. 30, 2024.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on General Motors will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
According to data from Benzinga Pro, GM has a 52-week high of $46.04 and a 52-week low of $26.30.
Posted In: GM
