GM Shares Rise on Analysts' Positive Reviews of Its Prospects
General Motors Co (GM.N) shares rose as much as 3.1 percent and closed 2.1 percent higher on Tuesday after banks resumed coverage of the automaker with high \ marks for its strong post-bailout balance sheet and its position in emerging markets.
The positive ratings by Wall Street come just six weeks after GM returned to the New York Stock Exchange in the largest initial public offering in history -- about $23.1 billion. Its high was $35.99, reached on its first day of trading November 18.
GM shares closed at $35.32 on Tuesday, up 2.1 percent, and hit a high during the session of $35.67, up 3.1 percent.
|<< PREVIOUS||NEXT >>|
blog comments powered by Disqus