GM CEO Mary Barra has reportedly sold nearly 175,000 shares of GM stock, a total valuation of nearly $7.7 million.
According to a recent report from American Banking And Market News, Barra made the transaction on Wednesday, November 18th, with an average stock price of $44.01. Barra still owns 1,333,224 shares, with an estimated value of $58,675,188.24.
As GM Authority reported previously, GM stock value grew between November 16th, 2020, and November 20th, 2020, closing the week at $43.04 per share for an increase of five percent, or $1.85 per share, as compared to the previous week’s closing value of $41.19. The recent GM stock performance marks a third consecutive week of growth.
General Motors has been making headlines recently in promoting a company-wide move towards electrification and new all-electric vehicles. During the recent Barclays 2020 Global Automotive Conference, the automaker outlined plans to introduce 30 new all-electric vehicle models by 2025, two-thirds of which will be sold in North America. The new EV products will include models sold under the Buick, Cadillac, Chevrolet, and GMC brands.
GM CEO Mary Barra (center) during the Barclays 2020 Global Automotive Conference.
During the conference, Barra indicated GM will invest $27 billion into new all-electric vehicle technology and autonomous vehicle technology through 2025. As such, General Motors will be investing more than half of its capital into EV and AV programs, outspending investments into its internal-combustion-based programs.
What’s more, General Motors also teased several of its upcoming EV products, including the forthcoming SUV body style for the all-new GMC Hummer EV off-roader, a new, as-of-yet unnamed Chevy EV pickup truck, and a new Chevy EV compact crossover as well.
General Motors is currently accelerating its various EV programs, including the all-new Cadillac Lyriq crossover, which was recently confirmed for arrival nine months ahead of schedule. Providing the juice in GM’s range of new EV products will be the automaker’s Ultium battery and drive technologies.
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Comments
Selling stock makes sense given that Joe Biden promised to double the capital gains tax which can wipe out any large profit and will cause the US stock market to crash.
Omegatalon strikes again.
His proposal is to regard cap-gains as regular income, only on those that make $1 million or more a year. Thats not “doubling”.
IA similar thing happened in 1986 (yes, under Reagan) . No Market “crash”.
The point is moot anyway with a Red Senate in place.
Uh, i have news for you dude, the market crashed just after that in 1987 ,and how, the worst since the great crash of 1929!
What? I think this would come as new to the CEO because as the article says, she’s only selling a fraction of the stock that she owns. I do not think she believes that her profits will soon evaporate.
@omegatalon
Joey biden? God help our country. In the 70s And 80s bidens own party wouldn’t nominate him as the democratic candidate. Not even close, he was know as foot in mouth joe always screwing up.
Maybe we can just leave the politics off this page. Besides, Biden likes Corvettes.
7.7 isn’t much when she still has over 58 million left. Just some pocket money for her.
Maybe she’s buying a few vintage Corvettes.
She worked her way up from the line…. Respect!!
Still this is a little bit suspicious to me, if we’re within an inch of great transformation and reborn of an iconic automotive giant like Barra preach why you leave much more money on the table. Is she getting ready to an unannounced early retirement?
Getting it out before they take in the the shorts over the Takata air bag recall.
She’s doing Christmas shopping. Sure she knows something few know.
Yeah. She knows the tax tax TAX policies of the President- Elect & his handlers. AND she made several positive announcements to bid up the short term stock value like a good little ethical Corporate CEO.
At $9.45 a share she. Pull almost buy control of Ford lol!
She is the worst CEO in a history. She is the only ceo that completely lost a particular manufactures base. Dodge and ford still have there base of supporters ,not GM. I have been a GM guy my whole life not anymore. Thousands of people in Oklahoma are leaving GM. From what I see I don’t know how they are in business
lol don’t let the door hit you on the way out
To put it simple, they are still in business because they maintain a very profitable truck business. You see, outside of Oklahoma, millions of people are still buying plenty of very profitable Suburbans, Escalades, Silverados and related platform vehicles.
We’ll see how many trucks, Escalades, Suburban’s, will be sold when you need to plug them in.
We’ll see how many trucks, Escalades, Suburban’s, will be sold when you need to plug them in. Instead of being able to run to the Quick Mart grab a coffee and fill-up. Like the Hybrid Ford & Dodge. Also you can power your house with the ford Pickup in a power outage…
Oh yes we will see Sam. But, EV ownership is not as much of an inconvenience as you are making it out to be. Charging can be accomplished whenever you are not driving the vehicle, such as when you are sleeping, working, shopping, etc. Even in the scenario you mentioned, a partially charged EV would have more than enough juice to make the 5 mile round trip to the Quick mart. Remember, with home charging, it would have been charging the whole time before you decided to make your trip.
Charlie You mean my 750 mile trip that I Gassed up for ? ?
You drive 750 mike’s to Quick Mart? That’s insane. Even so, with the right infrastructure in place, this trip could be accommodated by an EV.
Look, understand that you and many other people like you are resistant to change. You don’t like the idea of being forced into an EV because they don’t fit your current lifestyle. Rest assured however, that for decades to come you will still be able to buy ice vehicles provided that you live outside if CA or a major city core where ice vehicles might be banned. The rest of us will move on without you.
yay, another mysoginistic man that thinks he knows how to run a company as big as GM better than the current CEO…. shocker. if Mary was a man, this type of constant hate towards her that is solely due to her gender wouldn’t be happening…
Mary Bara intends to position GM as a peer competitor to Tesla, which just crossed $0.5 trillion market cap. I think currently the company has the best shot out of any legacy OEM to be able to credibly make that claim. She deserves this little payday honestly.
6 to 7 million truck air bag recall
Overpaid executive who is slowly but surely withdrawing gm from all international markets and sucking up to communist china
Yeah, who the hell does she think she is going where the profits are?
EXACTLY!! There is very little ethics & morality in Corp America CEO land anymore when chasing the almighty buck. Give the tech away to China, they play nice all the time!
She is selling stock to hedge her bets. I would never buy any GM crap cars.
She is buying TSLA stock with her 7.7M.
CEO’s typically sell stock this time of year, nothing worth talking about.
Gee, she only has 1.3m shares left? I think there’s plenty of incentive to keep charging forward. Make tons from truck and SUV sales while building out EVs – seems like a good plan to me! #iworkforgm
Are we as a nation ready for a all electric vehicle transportation hub. I know I’m not. I like my gas motors. I hope their doing the right thing by putting all their eggs into one basket. I personally as of this year won’t buy another GM vehicle if it’s made in Mexico. For those of you that don’t know, If the VIN # starts with 3 it was made in Mexico.
As far as the CEO of GM goes, she can sale her stock as she feels fit. It’s hers. To even have this discussion. Jealousy!
I agree that GM’s stated “all or nothing” approach to EVs is a potential disaster waiting to happen like the diesels of the early 1980s and the massive downsizing of their luxury cars in the mid 1980s. I wonder how many people are turned off buying GM products today thinking that they will only be able to buy “only” electric cars from GM in the future? They may think their ICE vehicle will be a resale dud in a few years.
It will be a “resale dud” whether they buy GM or not
Barra just got a bill from GM’s health care department on what her portion of the bill she has to pay out of pocket……..
We have an electrical grid that is already overloaded. Where is this electricity coming from?
FOSSIL FUEL. For now. Until “Climate” Czar cadaver Kerry starts churning out the Regulations from the DC Swamp to end the fossil fuel dependent economy WAY before alternative sources are ready.
I used to be GM faithful. They have been shutting there American factories and moving them to Mexico. Now I’m a Ford follower.
They are shutting Mexico factories now and moving stuff back to US.
Has to be reason gm’ s ceo is dumping stock, I think I’m going to follow her lead
I also have been GM faithful most of my life. Not any more. I see now why Scotty K talks GM down. Going to Ford
She is buying Tesla stock
Partnering with the fraudulent Nikola is showing GM’s desperation.
GM stock price is going downhill from here, just like the Nikola truck.
Oh, so y’all are jealous about GM’s Nikola deal? I see lol Marry B. is a brilliant businesswoman and you people just can’t take it. There’s a reason she was chosen for the job and are amongst the top U.S. officials and organizations/businesses.
The future is coming weather your ready or not.
The main reason GM and all the other vehicle manufacturers throughout the world are going to BEV’s is to comply with emission regulations. These government regulations are so ridged that the easiest and most inexpensive way to comply is to manufacture the vast majority of the companies vehicles as BEV’s, though most of the manufacturers will continue to produce and sell a few ICE vehicles as well. Larger trucks and a few high performance vehicles will continue to be produced
(Corvettes and 5 ton and larger trucks)
The naysayers on electric wonder what the world would be like if we change our course. Get out of tour comfort zone and embrace clean technology. We have already changed the world permanently with pollution , we need to stop and think not just about you but your children and grandchildren
and the pollution we are already leaving. The challenge for electric is here and I for one welcome it.
Mary Barra is a idiot.
Caterpillar us screwing thee retires
What happens to all of the junk batteries?
Bunch of Trump minded losers here…….
Buy Low. Sell High
marry Berra should not be aloud to sell gm stock that’s insider trading ,all of the small investors will never be able to make any money on the stock. every time the stock goes up she sells hers as she puts a stop block on the stock.