Why General Motors Surged Last Week
Nov 19th 2013 6:59PM
Updated Nov 19th 2013 7:00PM
Shares of General Motors hit a 52-week high last week. The stock jumped nearly 5% after the U.S. government said that it had sold $1.2 billion worth of GM stock in October. Over the last year, GM's stock has risen roughly 60%, despite heavy selling by the U.S. Treasury as it unloads the huge stake it received in the wake of GM's 2009 bailout.
But why would that make GM's stock jump? As Motley Fool contributor John Rosevear explains in this short video, it's because the end of the "Government Motors" era is in sight. But as John notes, that end will bring a major new challenge for GM's management.
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The article Why General Motors Surged Last Week originally appeared on Fool.com.Fool contributor John Rosevear owns shares of General Motors. You can connect with him on Twitter at @jrosevear. The Motley Fool recommends General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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