Why General Motors Stock Jumped 27% Last Month
Shares of General Motors (NYSE: GM) were revving higher after the automaker delivered a strong third-quarter earnings report and benefited from bullish sentiment in the electric-vehicle sector as investors are beginning to appreciate the company's exposure to EVs.
Consequently, the stock finished the month up 27%, according to data from S&P Global Market Intelligence. It also benefited from broad market trends around coronavirus vaccine news and a positive response to the election results.
Image source: General Motors.
Source Fool.com
