Why General Motors Is Suddenly a Wall Street Darling
Suddenly, investors are super-interested in General Motors (NYSE: GM). Shares of the Detroit auto giant were up over 11% last week; over the last three months, they've jumped 29%.
In fact, GM didn't just hit a 52-week high last Friday, it hit an all-time high (since its post-bankruptcy IPO in 2010, anyway) after some big Wall Street upgrades.
It's a big change for GM's stock, which spent much of the last seven years in the market's doldrums. Why is this happening now?
Source: Fool.com
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