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GM - Telenav up 14% on reiteration of guidance after GM announcement-stoked plunge
General Motors Company
Telenav (NASDAQ:TNAV) is up 14% premarket on robust volume as investors move back into the stock after yesterday's 45% plunge when General Motors (NYSE:GM) announced that it will build Alphabet's (NASDAQ:GOOG) Google apps directly into its vehicles' touchscreen displays, a move investors perceived as a direct threat to Telenav which offers GPS navigation, search, infotainment and mobile advertising on its platforms.
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