gm stock price pre balilout

Should you buy General Motors (GM) stock based on options moves?

Investors need to pay close attention to General Motors (GM) stock based on the movements in the options market lately.

Is GM still a market leader in the US?

The company remains the market leader in the U.S. with 17.3% share in 2020. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit. Analyst Report: General Motors Company General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009.

What happened to the old GM?

Analyst Report: General Motors Company General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial.

How much did GM lose in the bailout?

They'd lost $10.6 billion by the time the U.S. Treasury department closed the books on the $49.5 billion bailout in December. GM (), which filed for bankruptcy five years ago this Sunday, has repaid everything it was obligated to pay Treasury.

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What happened to GM stock during bailout?

WASHINGTON -- The federal government on Monday sold its remaining shares of General Motors Co. stock, ending the controversial $49.5-billion bailout of the automaker with an approximately $10.5-billion loss for taxpayers.

What was GM stock Price 2008?

YearBeginning PricePercent Gain or Loss200730.72-18.98%200824.89-87.14%20093.20-85.28%20100.471-100.00%32 more rows

When did old GM stock became worthless?

The old GM stock stopped trading on the New York Stock Exchange on June 1, 2009, the day that GM filed for bankruptcy. Each share of GM stock became a share in Motors Liquidation. While it was widely reported that the shares were worthless, those shares still traded, then and now, over the counter.

Are old GM shares worth anything?

But, unfortunately for shareholders in the old GM, the relative safety of the new GM's stock is of no value to them. Shares of the old GM are canceled. Investors must learn from this situation and remember to never hold shares of an individual company's stock this long.

How many times has GM stock split?

According to our General Motors stock split history records, General Motors has had 1 split.

What is the highest price GM stock has ever been?

General Motors - Stock Price History | GMThe all-time high General Motors stock closing price was 65.74 on January 04, 2022.The General Motors 52-week high stock price is 67.21, which is 101.6% above the current share price.More items...

Did GM pay back the government?

In total, GM received $52 billion from the U.S. government, but only $6.7 billion of this amount was considered a loan. The company already paid back $2 billion, so this $4.7 billion is the last payment.

Who bailed out GM in 2008?

Bush announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler, stating that under present economic conditions, "allowing the U.S. auto industry to collapse is not a responsible course of action." Bush provided $13.4 billion immediately, with another $4 ...

Did the government make money on GM bailout?

The U.S. government lost $11.2 billion on its bailout of General Motors, according to a 2014 government report. The government invested about $50 billion to bail out GM as a result of the company's 2009 bankruptcy, and at one time held a 61 percent equity stake in the Detroit-based automaker.

How much does GM still owe the federal government?

GM: repaid $23.1 billion of the $49.5 billion it got from the U.S. Treasury, including all of its outstanding loans. But Treasury still owns 500 million shares, or 32%, of GM stock.

How do you get rid of worthless stock?

Worthless securities also include securities that you abandon. To abandon a security, you must permanently surrender and relinquish all rights in the security and receive no consideration in exchange for it. Treat worthless securities as though they were capital assets sold or exchanged on the last day of the tax year.

How do you cash in old stocks?

If you find yourself in possession of old stock certificates, you have a few options for selling them. You can cash them in through the transfer agent of the company with which the stock is owned. Or, you can work with a broker to sell the stock.

What was GM stock in 2010?

2010 – Starting to Pay Back Uncle Sam December 31, 2010, General Motors Company stock closed at $36.86, up 10.5 percent over the IPO.

When did General Motors go public?

Then-CEO Dan Akerson rang the opening bell on Nov. 18, 2010 with an entourage of executives that included former vice chairman Steve Girsky, current President Mark Reuss and then-GM Treasurer Dan Ammann, who now leads the automaker's majority-owned Cruise autonomous vehicle subsidiary.

Will General Motors stock go up?

GM's stock price increased by a further +6% in the next one week to close at $41.17 as of May 4, 2022. In other words, the market has responded favorably to General Motors' Q1 2022 earnings with the company's share price rising by +8% in aggregate since its most recent quarterly results announcement.

Does GM pay dividends?

In 2019, Ford and GM each paid out roughly $2.4 billion in dividends.

Why was the Chevrolet Bolt recalled?

Did GM workers in Mexico defeat union?

GM recalled the Chevrolet Bolt EV in 2020 over battery issues. Some vehicles are still catching on fire—and the batteries are made by the same manufacturer that caused Hyundai to recall 76,000 vehicles. Investor's Business Daily • 2 days ago.

Why did the US buy GM stock?

UPDATE 6- GM workers in Mexico defeat union in first test of U.S. trade deal. Workers at a General Motors Co pickup-truck plant in central Mexico have voted to scrap their collective contract, opening the door for them to oust one of Mexico's largest labor organizations as their union under a new trade deal.

How much money did GM make in the financial crisis?

Taxpayers came up short because the U.S. decided to buy GM stock to keep the automaker alive instead of giving it a loan and saddling it with more debt. Although GM has been very profitable since 2009, its stock price never rose to a level that let Treasury to recoup that investment.

What happens if GM pays the Treasury?

GM has earned a stunning $22.6 billion since the dark days of the financial crisis, when the automaker was bailed out by the U.S. government. Taxpayers didn't fare nearly as well. They'd lost $10.6 billion by the time the U.S. Treasury department closed the books on the $49.5 billion bailout in December. GM ( GM), which filed for bankruptcy five ...

How much money did GM make in bankruptcy?

GM said that if it paid the Treasury more than it owed under terms of the rescue plan, the automakers' shareholders could sue. Taxpayers also lost $1.3 billion on the bailout of Chrysler Group, but made money overall on the $700 billion in federal bailouts issued during the financial crisis. GM's post-bankruptcy profitability is in stark contrast ...

Is GM a profitable company?

In the five years since GM's bankruptcy it made $22.6 billion. But taxpayers lost $10.6 billion on bailout that saved the company.