Stock Value Drops Another 3 Percent Week Of June 29 - July 2 2026

GM’s stock value dropped another 3% week of June 29 to July 2, 2026, extending a three-week slide for the automaker. Shares closed at $76.00 per share, down $2.10, or 2.69%, from the prior week’s close of $78.10. On the same dates, GM’s crosstown rival Ford Motor Company fell 5.45%, or $0.77 per share. Trading was also affected by the market closure on July 3 for the Independence Day holiday. The decline was attributed to GM’s Q2 2026 U.S. sales release, which showed a 4.2% year-over-year drop, and uncertainty tied to the Trump Administration not extending USMCA in its current form. GM also announced a Brazil manufacturing plant investment for hybrid powertrains, while recent EV demand adjustments included job cuts and additional $6 billion in EV write-downs.