With forecasts of General Motors stock hitting $44 per share by 2012, its safe to expect that the stock will gradually rise for the year. However, what we didn’t expect is for the price to jump to $38 today, a gain of 15% since its November IPO.
After hitting its new high, the stock winded down a little bit, eventually closing at $37.06 for today. With this impressive momentum, and annual sales reports expected tomorrow, will we see $50 a share by year’s end?
If we do, that would mean the the U.S. Treasury would be able to more or less break even on its investment in The General.