Reported about 1 month ago
General Motors (GM) has seen a significant rise in its stock value, following a strong third quarter earnings report and an adjustment to its full-year financial guidance. The company's shares have increased approximately 50% this year, in contrast to struggling automakers like Ford. Analysts credit GM's focus on cost control and a $10 billion accelerated share repurchase plan as key drivers of its stock's impressive performance.
Source: YAHOO