Key insights
- GM CEO Mary Barra sold $1.75 million in company shares, raising minor concerns despite a strong annual stock return. This follows her exercise of stock options. The news also highlights a strategic partnership for battery development and a delay in EV battery plant recalls due to weak demand, suggesting potential headwinds for GM's EV strategy. Additionally, proposed USMCA rules could impact auto manufacturing sourcing. While UBS maintains a Buy rating, these factors collectively suggest a slightly bearish near-term outlook for GM stock.
Mary T. Barra, Chair and Chief Executive Officer of General Motors Co (NYSE:GM), sold 20,582 shares of the company’s common stock on June 9, 2026. The transaction totaled $1,749,470, with shares sold at a price of $85.00 each. The stock currently trades at $80.86, down from the sale price, though shares have delivered a strong 61% return over the past year. According to InvestingPro analysis, GM appears overvalued at current levels relative to its Fair Value estimate, with 11 additional ProTips available to subscribers.
This sale followed Ms. Barra’s exercise of employee stock options on the same day. She acquired 20,582 shares of common stock at an exercise price of $41.40 per share, amounting to $852,094. These options were granted on February 7, 2023, and were fully vested at the time of exercise.
Following these transactions, Ms. Barra directly holds 592,242 shares of General Motors common stock.
In other recent news, General Motors announced a strategic partnership with Peak Energy to develop sodium-ion battery cells for grid storage applications. This collaboration includes a strategic investment from GM Ventures, with General Motors retaining exclusive manufacturing rights for the sodium-ion cells developed in its Michigan battery labs. UBS has reiterated its Buy rating on General Motors, maintaining a price target of $102.00, following this announcement.
Additionally, a battery plant jointly owned by General Motors and LG Energy Solution in Ohio has delayed the recall of workers due to weak demand for electric vehicles. The workers, who have been laid off since January, are now expected to return in August. Meanwhile, the Trump administration has proposed a new rule under the U.S.-Mexico-Canada Agreement, which would require 50% of automobile components and materials to be sourced from the U.S. to qualify for lower tariffs.
In a broader context, Morgan Stanley reported that global electric vehicle sales rose 16% in April compared to the previous year, though they declined by 7% from March.
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