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via finance.yahoo.comMarkets

Ford, GM, Stellantis stocks decline for week ending Oct. 23

FROM THE WIRE · FINANCE.YAHOO.COM

GM's stock price dropped the same week it reported earnings and announced a $20 billion stock buyback. Video Transcript 00:01 Speaker A Ford Motor Company, General Motors and Jeep parent Stellantis all saw their stock prices drop for the week ending Friday October 23rd. 00:08…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe Detroit 3 stock declines came the same week GM reported higher income and announced a $20 billion buyback.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Ford stock closed at $11.60 on Friday October 23, down 6.68% on the week.
  2. 02GM stock closed at $75.92 on October 23 after reporting higher third-quarter income.
  3. 03GM announced a $20 billion stock buyback; Ford and Stellantis have yet to report third-quarter earnings.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Ford Motor CompanyFStock11.60 USDMarket closedtoday -2.85%Negative General Motors CompanyGMStock75.92 USDMarket closedtoday -1.67%Negative Stellantis N.V.STLAStock4.06 USDMarket closedtoday -4.81%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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