General Motors has made huge strides in turning around its finances, as we witnessed the company exit bankruptcy, re-enter the stock market, and observed the U.S. Treasury begin to divest its stake in the company. And by tomorrow (Thursday), it is expected that GM will rejoin the Standard & Poor 500 index, as one of the 500 leading companies publicly traded on the U.S. stock market.
According to The Detroit News, GM will be replacing H. J. Heinz Co in the S&P 100 and 500 indices. Cars over ketchup, we always say.
Currently at the time of this writing, GM stock is trading at $34.22.