What's Going On With Honda Motor Stock Friday
Portfolio Pulse from Anusuya Lahiri
Honda Motor Company (NYSE:HMC) is recalling 1.2 million vehicles in the US due to a defective communication coaxial cable connector affecting the rearview camera display. The recall covers some 2018-2023 Odyssey, 2019-2022 Pilot, and 2019-2023 Passport vehicles. HMC shares traded lower by 2.94% at $30.05 premarket on Friday.
June 23, 2023 | 1:24 pm
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Honda is recalling 1.2 million vehicles in the US, causing HMC shares to trade lower by 2.94% at $30.05 premarket on Friday.
The recall of 1.2 million vehicles due to a defective communication coaxial cable connector is a significant issue for Honda, as it affects a large number of vehicles and may lead to negative sentiment among consumers. This news has already caused HMC shares to trade lower by 2.94% premarket, indicating a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100