GM Stock Value Rises 2 Percent During Mar 29
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GM Stock Rises 1 Percent During Mar 15
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$51.00
By comparison, shares of GM’s cross-town rival, Ford Motor Company, increased $0.57 per share, or 4.9 percent, during the same timeframe.
GM Stock Factors
GM stock value rose this week after several weeks of small losses. The small losses were preceded by consistent growth in January that put GM stock value above the $50 per share mark.
General Motors recently reported fourth-quarter earnings, beating Wall Street expectations with $1.93 in adjusted earnings per share (versus $1.64 expected) and $37.5 billion in revenue (versus $36.12 billion expected). GM said that it expects to earn between $10 billion and $11 billion in adjusted pretax profits this year, or $4.50 to $5.25 per share.