When the New General Motors became a public company with its IPO in November 2010, the stock opened at $33 per share. Then things went south. And as recently as a year ago (or even less), the automaker’s stock was at a disappointing $18.72, the lowest since going public. But today, General Motors closed at $33.42 — higher the IPO price, and continuing an upward trend.
So far this year, GM’s shares have increased in value by 14.5 percent over last year, with analysts bullish on the stock’s future. For the curious, the U.S. Treasury would need to sell its remaining stake at roughly $79 a share to break even, though the government’s investment was more about saving jobs than making money. Meanwhile, the Treasury does plan on gradually selling off its remaining stake in the company in the coming months.
So, did you buy any GM shares last year? Are you planning on buying in the future? Talk to us in the comments.