Why General Motors Stock Is Rising Today
Shares of General Motors (NYSE: GM) were trading higher on Monday amid a broad market rally, as the company reopened several U.S. factories that had been idled since March.
As of 10:45 a.m. EDT today, GM's shares were up about 8.4% from Friday's closing price.
After weeks of planning, today's the day: Several of GM's U.S. factories, including truck plants in Flint, Michigan, and Fort Wayne, Indiana, restarted production this morning. Early reports suggested that worker attendance was at or above expectations, and that operations were running smoothly amid extensive changes to protect workers from the COVID-19 virus.
Source Fool.com
