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 Stock
€78.02
1.220%
Currently there is a rather positive sentiment for General Motors Corp with 55 Buy predictions and 7 Sell predictions.
With a target price of 83 € there is a slightly positive potential of 6.38% for General Motors Corp compared to the current price of 78.02 €.
