Why Did GM Stock Suddenly Jump 20% Higher?
Over the past eight trading days, the share price of General Motors (NYSE: GM) has popped. The stock closed at $58 a share on Oct. 20, and by Oct. 29 it was just below $70. That's a gain of more than 20% in little more than a week.
So, what's going on with the typically staid and boring automaker?
Solid third-quarter results, which the company posted on Oct. 21, had a lot to do with it.
Source Fool.com
General Motors Corp Stock
€67.40
3.180%
Our community is currently high on General Motors Corp with 46 Buy predictions and 6 Sell predictions.
As a result the target price of 74 € shows a slightly positive potential of 9.79% compared to the current price of 67.4 € for General Motors Corp.
