General Motors (GM) Hits 52-Week High on a Few Business Updates

General Motors (GM) hit a 52-week high of $49.35 yesterday to close the session at $48.86. The upswing was driven by a series of business updates. It approved a new $6 billion stock repurchase authorization. This follows the accelerated $10 billion share repurchase program announced in November 2023, which is expected to be completed by the end of this month.Per Paul Jacobson, CFO of GM, the company is focused on the profitability of the internal combustion engine business, growth and improvement of the EV ...