GM Stock Closes Up on NASA Robotic Arm Collaboration

GM stock gained today as the company announced a venture with NASA’s technology to give workers robotics arms.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of General Motors  (GM) - Get Report  closed up 0.82% to $28.40 today after the company completed a new technology collaboration with NASA.

The Detroit-based auto retailer introduced a new robotic glove for its employees to make the manufacturing process more efficient today, Fortune reports.

The arm includes technology that NASA developed for use in the International Space Station.

Using sensors intended to copy the motions of a human hand, the glove gives users amplified gripping force and will reduce fatigue for employees who perform repetitive motions on the job.

GM has partnered with NASA for nine years on the project.

On the auto side, GM's June auto sales were down 1.6% from May with 255,210 vehicles, lower than the expected 0.7% drop.

Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.

The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, attractive valuation levels and impressive record of earnings per share growth. TheStreet Ratings feels its strengths outweigh the fact that the company shows weak operating cash flow.

You can view the full analysis from the report here: GM

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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