(Finance) – The best quarter in over three years. This is how the second quarter of General Motors with notable increases in sales of pickup trucks and electric cars.
The period ended with sales of 696,086 vehicles, up 0.6% from a year earlier. Electric-vehicle deliveries increased 40% to 21,930 vehicles, but electric cars accounted for just 3.2% of total sales.
Despite the quarterly results, the Detroit automaker’s stock is moving weakly, showing a timid gain of 0.06%.
Weekly analysis of the stock compared to theS&P 100 shows a weakening compared to the index in terms of relative strength of theAmerican company that produces motor vehicleswhich is doing worse than the reference market.
The short-term trend of General Motors moderately positive, with resistance area identified at 46.99 USD and support at 46.42. There is a concrete possibility of a reaction towards 47.56.