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.

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Source Fool.com