Why General Motors (GM) Stock Was Down Today

NEW YORK (TheStreet) -- General Motors  (GM) stock closed down -1.01% to $37.10 in active trading today.

The automaker's general counsel Michael Millikin came under attack today from U.S. senators at a hearing in Washington where they're investigating GM's failure to recall millions of defective small cars for more than a decade, Reuters reports.

Millikin is one of the company executives testifying along with GM CEO Mary Barra, and Rodney O'Neal, CEO of Delphi Automotive (DLPH), the supplier that made the faulty ignition switches linked to 13 deaths.

Shares of GM are up 0.22% to $37.18 in after-hours trading.

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Separately, 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 multiple 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 and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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