Sounds like they're getting off a sinking ship to me.
GM Execs sell off their shares in the company
- Thread starter Mooseman
- Start date
Sounds like they're getting off a sinking ship to me.
Not if it goes bankrupt. They're getting sued up the wazoo for engines and trannys blowing up so it's gotta hurt sales. Like, if you believed in the company, wouldn't you hang on to the shares? It just smells fishy.
Their stocks have been falling for the last year, by selling off some shares, the stock goes back up. They are trying to keep above on the stock market, or they will go bankrupt. Plus, the tariffs are not helping any motor company right now. GM stock: 59.26 USD +0.53 (0.90%)today, Chrysler (which sold out to Stellantis NV) 9.98 USD +0.30 (3.10%)today, ford motors 11.74 USD +0.080 (0.69%)today, so GM is still doing better than the others.
1 year range is .$41.60 to $61.24 As they say, sell high and buy low. Perhaps with an announcement coming this is profit taking before the storm to come.