General Motors Stock Symbol
What a phenomenal day for General Motors. General Motors stock symbol is “GM” and it’s the first day trading back on the New York Stock Exchange since June 1st, 2009. After filing for bankruptcy, GM was removed from the stock market. November 18, 2010 marked a new day for GM, after announcing the initial public offering (IPO) of $33-per-share gaining interest of investors. Investor’s competitive interest in General Motors stock raised the price to $35-per-share at opening. The automotive company has made a steady but impressive turnaround.
On the NYSE, General Motors stock price was the buzz of the day. Brokers were eager to go to work to sell General Motors stock. GM displayed their latest models of several new cars including the 2011 Chevy Camaro and the Chevy Volt. There was even a General Motors banner outside the New York Stock Exchange. GM has made its appearance at the L.A. Auto Show Wednesday and showcased the new talked about 2011 Chevrolet Volt. The Chevy Volt was awarded Green Car of the Year at the Los Angeles Auto Show. What an impressive statement from GM because they’re letting the world know that they “get it” when it comes to environmentally friendly cars.
By 1:30pm on Thursday, General Motors stock price last trade was at $34.92 and appears to remain steady throughout the early afternoon. Yahoo! GM is on the ball. Because demand for GM stock is high, it will be interesting to what within a week. As of 3:00pm on November 18th, the NYSE reported today’s high was $35.99 and the Low was $34.07.
GM’s third-quarter results reached $2 billion in profits and if they continue to show progress it could mean more jobs and better success. General Motors has plans to have a second shift at its Lansing Grand River location because they’re making a smaller Cadillac CTS.
The Detroit News