{"id":81778,"date":"2022-06-14T01:07:58","date_gmt":"2022-06-14T05:07:58","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=81778"},"modified":"2022-06-14T00:48:20","modified_gmt":"2022-06-14T04:48:20","slug":"gms-stock-closes-below-ipo-price-for-first-time-since-october-2020","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2022\/gms-stock-closes-below-ipo-price-for-first-time-since-october-2020.html","title":{"rendered":"GM\u2019s stock closes below IPO price for first time since October 2020"},"content":{"rendered":"\n<p>(CNBC) Shares of <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/GM\" target=\"_blank\">General Motors<\/a> on Monday closed below the post-bankrupt automaker\u2019s $33 initial public offering price for the first time since October 2020. Amid a <a href=\"https:\/\/www.cnbc.com\/2022\/06\/12\/stock-market-news-open-to-close.html\">broad market sell-off<\/a> that also pushed <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/F\" target=\"_blank\">Ford Motor<\/a> and Chrysler-parent <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/STLA-IT\" target=\"_blank\">Stellantis<\/a> to new 52-week lows, GM\u2019s stock closed at $32.28 a share, down by 7.8%. Shares of GM have declined about 45% this year, as fears of a recession grow and investors question whether the automaker\u2019s most profitable days are behind it.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/06\/13\/gms-stock-closes-below-ipo-price-for-first-time-since-october-2020.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Shares of General Motors on Monday closed below the post-bankrupt automaker\u2019s $33 initial public offering price for the first time since October 2020. Amid a broad market sell-off that also pushed Ford Motor and Chrysler-parent Stellantis to new 52-week [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81778","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=81778"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81778\/revisions"}],"predecessor-version":[{"id":81779,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81778\/revisions\/81779"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=81778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=81778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=81778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}