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
43,85 €
-1,60 %
General Motors Corp sticht etwas positiv hervor mit 36 Buy- und 8 Sell-Einschätzungen.
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