Your email has been successfully added to our mailing list.

×
0 -0.0014333492594361 -0.00191113234591491 -0.00286669851887237 -0.00501672240802678 -0.00573339703774474 0.00119445771619695 -0.00334448160535118
Stock impact report

The Key Factor Sending These Car Stocks Plunging Thursday [The Motley Fool]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: The Motley Fool
What happenedShares ofHertz Global(NYSE:HTZAvis BudgetNASDAQ:CARGeneral MotorsNYSE:GMNew York PostSo whatAt first glance, Hertz seeking aid might not come as a surprise considering analysts have been concerned about the rental companies' financial health for weeks. The difference today could be the growing pessimism about a potential plunge in used-vehicle prices and the negative impact it would have on the broader automotive industry.Let's dive into why this is happening and how it will hurt these car stocks.Similar to the rest of the economy, used-vehicle auctions are essentially frozen, and that means Hertz and Avis can't sell the used cars they might want to rotate out of their fleets. This means they aren't buying new vehicles, either, so all of the cars automakers produce specifically for the rental companies are just sitting in parking lots. That supply growth is likely to depress used-vehicle prices, causing rental companies to have far less valuable fleets when auctions start Show less Read more
Impact Snapshot
Event Time:
GM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for GM alerts
Opt-in for
GM alerts

from News Quantified
Opt-in for
GM alerts

from News Quantified