Why GM Stock Jumped 11% This Week
In a surprise to a lot of investors, General Motors (NYSE: GM) was one of the hottest auto stocks this week, rising as much as 11.8% before closing 11.4% higher for the week.
This wasn't a speculative move either. GM reported better-than-expected earnings for the fourth quarter and sees a strong year ahead in 2024.
GM reported a 0.3% decline in quarterly revenue to $43.0 billion while diluted earnings per share improved to $1.59, which both beat analyst estimates.
Source Fool.com
General Motors Corp Aktie
41,49 €
2,30 %
Die Community sieht General Motors Corp leicht positiv: Mehr Buy- als Sell-Einschätzungen.
Ein positives Kurspotenzial für General Motors Corp ist gegeben, mit einem Kursziel von 46 € über dem aktuellen Kurs von 41.49 €.
