General Motors executive vice president and president, North America, Steve Carlisle, recently sold 10,217 shares of GM stock, per a legal filing with the SEC. Carlisle sold the shares on Wednesday, December 23rd, at an average price of $42.85, for a total value of $437,798.45.
Previously serving as senior vice president and president, Cadillac, since 2018, Carlisle was appointed executive vice president and president, North America, earlier this year, assuming the role on September 1st. Carlisle also served as president and managing director, GM Canada, and vice president, Global product Planning and Program Management, as well as vice president, U.S. Sales Operations, and president and managing director, Southeast Asia Operations.
The executive still owns 65,626 shares in General Motors, valued at roughly $2.8 million.
GM stock value held steady during the week of December 21st through December 24th. Shares closed the week at $41.58, a 1-percent increase compared to the previous week’s closing value of $41.01. The steady performance followed a 2-percent loss the previous week and a 6-percent loss the week prior, before which GM stock value experienced four consecutive weeks of growth.
GM stock value traded up on Monday, closing at $41.66, an increase of $0.8 per share compared to the previous closing value of $41.58.
As GM Authority covered previously, Morgan Stanley recently upped the GM stock price target from $53 to $57. Morgan Stanley Analyst Adam Jonas pointed to General Motors’ connected services portfolio, as well as the automaker’s proprietary semi-autonomous driver assist technology, GM Super Cruise.
Back in November, GM CEO Mary Barra sold nearly 175,000 shares of GM stock, for a total valuation of nearly $7.7 million. Barra made the transaction on Wednesday, November 18th, with an average stock price of $44.01. At the time, it was reported that Barra still owns 1,333,224 shares, with an estimated value of $58.7 million.