GM Stock Halted as General Motors Issues Earnings Warning

In what was undoubtedly a shock to some investors, trading was halted on General Motors (NYSE:GM) stock briefly this morning. This was due to the company’s disclosure of inventory-related issues. However, GM stock is trading again, and it appears that General Motors has the situation under control.

Of all the stocks you might expect to have trading halted, this one probably wouldn’t be on top of the list. Yet, shares of General Motors were briefly un-tradable this morning. So, was this due to mysterious backdoor shenanigans on Wall Street?

Not at all. Today, General Motors issued its second-quarter 2022 results, accompanied by a Form 8-K. The quarterly press release certainly had its positive data points. For example, General Motors’ sales to commercial, government and rental fleets increased 29% year over year. Also, “Pent-up demand and improved availability helped drive large year-over-year increases” in deliveries of the Chevrolet Camaro, Colorado and Malibu, as well as selected Cadillac models.