The value of GM stock grew 4.79 percent, or $1.55, during the week of December 24th, 2018.
The week-long timeline was as follows:
- Monday, December 24th: GM shares open the day (and the week) at $32.65 and closed at $32.37
- Tuesday, December 25th: the market was closed on Monday due to the Christmas holiday
- Wednesday, December 26th: GM stock opened at $32.58, and gained 3.55 percent to close at $33.52 in the biggest post-Christmas rally for U.S. stocks ever
- Thursday, December 27th: General Motors stock opens at $33.07, and rallies to $33.96 at market close
- Friday, December 28th: stock remains stable, closing the week at $33.92
Overall, it was a good week for GM shareholders. Ultimately, however, the automaker’s shares continued to trade at roughly the same levels as the $33 per share value of the “New GM’s” Initial Public Offering (IPO) in November 2010 on the NYSE.
|2018/12/25||Market Closed due to Christmas Holiday|
GM has done a significant amount of work to increase its share price, including exiting markets where it figure out how to turn a profit (such as Europe, South Africa and India), divesting loss-making divisions (such as Opel-Vauxhall), making adjustments to its business model in order to prioritize profit over market share, while investing heavily into new-age mobility ventures such as electric vehicles and autonomous driving technologies.