A Little Good News for General Motors Investors
Don't look now, but General Motors (NYSE: GM) has quietly had a strong start to 2024 with its stock price jumping over 35% year to date. That compares favorably to its closest competitors Ford Motor Company (NYSE: F), which has remained roughly flat year to date, and Stellantis (NYSE: STLA), which has shed roughly 6% of its stock price.
General Motors' surge looks to continue after the company announced good news in terms of returning value to shareholders this week -- let's dig in.
General Motors announced earlier this week that its Board of Directors approved a new share repurchase of up to $6 billion of the company's outstanding common stock. This move is in addition to its November 2023 announcement of a $10 billion accelerated share repurchase.
Source Fool.com
General Motors Corp Stock
Currently there is a rather positive sentiment for General Motors Corp with 36 Buy predictions and 8 Sell predictions.
With a target price of 50 € there is a slightly positive potential of 11.1% for General Motors Corp compared to the current price of 45.01 €.
