Posts Tagged ‘GM stock price records’

General Motors Stock Soaring to Record Highs

Ford stock also on the rise in last two months.

by on Oct.10, 2017

General Motors stock prices has steadily risen in recent months, setting record highs as sales continue to grow.

The value of General Motors is setting new records as its value continues a climb that began last month as the company’s sales rose and the automaker unveiled plans for an aggressive push into electric and automated vehicles.

GM’s stock was given another lift Monday when it climbed 40 cents per share, closing at $45.33, a new high, following two announcements.

Financial News!

In one of announcements, GM disclosed it had acquired, a high-tech start-up, Strobe Inc., which is based in Southern California for an undisclosed sum. Strobe has developed a unique, lower-cost Lidar system and Lidar is considered a critical element in a system used by automated vehicles.  (more…)