Stock Of The Day: Market Memory Keeps GM Under Key Levels As 2025 Silverado EV Set To Launch
GM(GM) Benzinga·2024-10-10 04:31
General Motors GM is set to launch its 2025 Chevrolet Silverado EV, offering options at different price points. This strategic pricing reflects how markets have a memory, with key price levels often maintaining their influence for weeks, months, or even years, affecting both stock movements and investor sentiment.This dynamic can be seen on General Motors’ chart, which is why it’s our Stock of the Day.In August 2021, the $49 level supported the stock. Four years later, the market “remembers” that it’s impor ...