General Motors‘ CEO Mary Barra has slashed her holdings in the company by 40.3% in late August, according to a new filing with the US Securities and Exchange Commission.
The chief executive sold 372,024 shares, worth $21.67 million at the time of the transaction on August 28, the filing showed.
Barra’s remaining stake stands at 552,238 shares, valued at about $32.36 million.
Over the past six months, the CEO has made four stock transactions — selling a total 994,863 shares, which netted her about $57.93 million.
Barra did not make any stock purchase during the same period.
Several other General Motors‘ executives have dumped their stock since the beginning of the year.
On August 27, Vice President and Chief Accounting Officer Christopher Hatto also sold 14,667 shares for an estimated value of $865,350.
Since March, Hatto has sold 51,471 shares in three separate transactions, generating about $2.89 million, and has not purchased any shares.
Executive VP Rory Harvey also disposed of 23,997 shares in three different transactions over the past few months, for about $1.27 million.
General Motors is currently trading 1% lower at $58.01 on Tuesday’s market session.
The stock surged 9.9% in the past 30 days and 21.6% in the past three months.
On August 19, Wedbush analyst Dan Ives raised the price target on GM by $10 to $65, citing “incremental momentum with the company’s growth story into 2026, while impressively navigating the tariff headwinds.”
In a research note obtained by PriceTarget, Ives said he believed “Barra & Co. is very prepared for all options on the table” and saw a company “with a stronger EV market position relative to the last few years.”
The price target suggested a potential upside of 13.9% from the stock’s closing price that day, which was $57.06.
Hyundai and GM have expanded their partnership last month to jointly produce two cars and two pickups for the Central and South American markets, using internal combustion engine (ICE) vehicles or hybrid powertrains.
