GM stock value is on the rise, crossing $60 per share today and reaching an all-time high for the “new GM.”
GM stock value hit a daily high of $60.12 per share, closing at $60.05 per share. Other noteworthy points include a new market cap of 86.53 billion, and a daily low of $57.15, with an open at $57.24.
The increase in GM stock value today follows an impressive 10-percent jump seen last week, during which GM stock value soared to a high of $59.62 per share before closing on Friday at $59.26, another all-time high for the “new GM.” Last week’s gains followed a five-percent gain the previous week, as well as consistent growth throughout January that elevated GM stock value above the $50 per share mark.
The impressive growth seen as of late is in spite of a global shortage in microchips, which has affected the entirety of the auto industry, including General Motors. In response to the shortage, GM has cut production and reduced vehicle options. GM is now building certain full-size pickups without AFM/DFM fuel-saving technology, as GM Authority covered recently.
BrightDrop EV600
Much of the growth in GM stock value in January is attributed to The General’s all-electric vehicle efforts, including new debuts released during the Consumer Electronics Show (CES). Among the automaker’s reveals was the launch of BrightDrop, a new business venture that will provide last-mile electric delivery solutions, software, and services. One of the first BrightDrop products to market will be the EV600, an all-electric light commercial van.
GM also presented new concepts for the Cadillac luxury brand, such as the Cadillac Personal Autonomous Vehicle and Cadillac Vertical Take-Off and Landing Vehicle.
Cadillac Personal Autonomous Vehicle concept
Earlier in the year, General Motors reported fourth-quarter earnings, beating Wall Street Expectations with $1.93 in adjusted earnings per share and $37.5 billion in revenue.
Stay tuned, as we’ll have more GM stock value coverage later in the week. In the meantime, subscribe to GM Authority for more GM stock news and around-the-clock GM news coverage.
Comments
That is very good and let s keep it going.
Ford is up too. $12.69. Stellantis $18.00
I guess the taxpayers should have held on to its shares instead of losing billions,oh well Trumps fault.
Just for the record. The government sold the last stock on Dec 9 2013.
“ The Obama administration emphasized today that the loss it took on GM shares was far less costly than allowing GM to fail.”
Technicality’s,If it is negative or racist it is Trumps fault
The “cEo wOmaN bAd” guys are awfully quiet right now.
what about the crash when trump kills subsidies in 24?
Trump is Atheist. At George H.W. Bush’s funeral, Trump was the only President that didn’t know the words to the Nicene Creed.,
the big guy is a catholic that is persona non grata for communion, obama follows rev gd america so what
Yet another brilliant spew from Peter G-spot… what a turd… you’re pathetic…
The stock is up due to the fact its going EV as Quid Pro Jo Jo the stumbling, mumbling, arrogant dufass is destroying the O&G industry so leftists can have their woke paradise… Huh, thought we were a Representative Republic where the people and the market determine its course. Oh, DemoRats and Marxists are smarter than the bourgeoisie so we need to keep working pay our “fair share” (now that we’re $30T in debt) and shut up….
That is the only reason its up… zero things to get excited about at GM…
This is how dumb liberals are. If EVs have fewer moving parts, why pay for LESS parts?