General Motors Company (NYSE:GM) reported on Thursday that it and its joint-venture partners vended 213,495 autos in China in June, high 10.1% from previous year.
General Motors reported in a statement that automaker’s China sales for the primary half of the year moved up 11.3% to 1.42 million units.
President and Managing Director of the GM China Group Kevin Wale announced in the statement that demand for GM products moved up in all major segments in the primary half of the year regardless of slowing economic growth indications in China.
Kevin Wale further stated that they anticipate sales growth to remain steady in the second half, driven by demand in China’s interior provinces.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Ford Motor Company (NYSE:F) increased +2.24% to settle at $9.60, Toyota Motor Corporation (ADR) (NYSE:TM) moved up +0.87% to end at $80.88 while Honda Motor Co Ltd (ADR) (NYSE:HMC) surged +1.02% to finish on Tuesday at $34.62.
General Motors Company (NYSE:GM) on July 03, 2012 increased +5.62% to the closing price of $20.67. The overall volume in the last trading session was 10.64 million shares. Its fifty two week range was $19.00-$32.08. The total market capitalization remained $32.37 billion.
GM is ahead its 52 week low with +8.79% and going forward from its 52 week high price with -35.57%. GM last month stock price volatility remained 2.70%. In its share capital GM has 1.57 billion outstanding shares among them 727.18 million shares have been floated in market exchange. GM stock institutional ownership remained 35.65% while insider ownership included 0.08%.
The stock price of GM is moving down from its 20 days moving average with -1.39% and remote negatively from 50 days moving average with -4.95%. GM current year earnings per share experienced an addition with +58.46% while its current quarter performance remained -19.07%.
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