Trading Near 52-Week High, Why GM Stock is Still Worth Buying Now
GM(GM) ZACKS·2024-09-03 23:06
U.S. legacy automaker General Motors (GM) is having a great run on the bourses lately. In the last four trading sessions, the stock was hovering at more than $49/share, closing at $49.78 on Friday. That’s quite close to its 52-week high of $50.50.One of the world’s largest and trusted automakers with a market cap of more than $55 billion, General Motors held the largest share of the U.S. auto market at 16.2% in 2023. While GM’s internal combustion engine (“ICE”) pickups and SUVs have been popular and profit ...