Up 27% This Year, Will The GM Rally Continue?

GMC and Cadillac logos are seen in Florida Keys, United States on May 7, 2024. (Photo by Jakub ... [+] Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesGeneral Motors stock has fared well this year, rising by about 27% since early January. This compares to rival Ford stock, which has seen its stock remain roughly flat over the same period. So what’s driving the gains in GM stock and can the rally hold up?The demand and pricing environment for gasoline-powered vehicles has been favorable leading t ...