Why General Motors (GM) Stock Is Down Today

NEW YORK (TheStreet) -- General Motors Co. (GM) stock is down -1.75% to 34.82 today following a week in which the automaker's CEO Mary Barra was battered in congressional hearings over the company's failure to act sooner to recall models affected by a defective ignition switch that has been linked to at least 13 deaths.

At a Senate hearing on Wednesday, GM was accused of fostering "a culture of cover-up." 

Meeting a Thursday midnight deadline set by the National Highway Traffic Safety Administration, GM sent about 200,000 pages of documents to the safety agency. 

In addition, the Senate and House of Representatives are investigating why it took GM over 10 years to recall 2.6 million cars to replace the faulty switches.

The automaker also faces a criminal investigation by the Justice Department.

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TheStreet Ratings team rates GENERAL MOTORS CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate GENERAL MOTORS CO (GM) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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