The events surrounding the General Motors Company (NYSE:GM) recall of 1.6mm vehicles are tragic, but the financial impact to General Motors Company (GM) will likely be small. General Motors’ recall reserves appear more than sufficient to cover the cost of repair and potential liabilities. However, the issue will take time to resolve and sentiment on the stock could remain depressed. General Motors Company (NYSE:GM) stock opened at $34.76 in last session, and closed at $34.86, while the day range of GM stock is $34.37-$35.25. The stock showed a negative weekly performance of -7.09%.
A day after Herbalife Ltd. (NYSE:HLF) and Bill Ackman traded barbs yet again, the Federal Trade Commission announces that it is launching a formal inquiry into Herbalife. Trading on the company’s stock was halted at 1:18 p.m. Eastern so that the news could be announced. Officials also halted trading on Herbalife competitor Nu Skin Enterprises, Inc. (NYSE:NUS) because of the revelation about Herbalife. Herbalife Ltd. (NYSE:HLF) stock opened at $66.20, in last session and closed at $60.57, by loosed -7.37%. The 52 week range was $34.72-$83.51.Company’s market capitalization is $6.13 billion.
Goldman Sachs Group Inc (NYSE:GS) shares are currently priced at 10.79x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.22x earnings multiple for the same period. Goldman Sachs Group Inc (NYSE:GS) stock loosed 0.10% and finished the last session at $169.72. The EPS of the stock remained 15.47. Company’s market capitalization is $76.84 billion.
The Boeing Company (NYSE:BA) is yet to begin another year-full of surprises and publicity as the Chicago based aircraft maker announced that 40 of its Dreamliners under production have hairline-cracks on the wings. The company’s spokesperson says all it will take is a trim of the affected area after which Boeing production staff will put a “fabricated piece in its place”. To make it sound a little less scary for the Pteromerhanophobics, the wings have all but hairline cracks that resulted from a process change implemented at the Mitsubishi Heavy Industries which supplies wings to Boeing Company (NYSE:BA). The Boeing Company (NYSE:BA) stock opened the session at $125.00, and closed the session at $124.43. The 52 week range of the BA stock remained $83.00-$144.57 and the day range was $123.81-$125.20.
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