Does the new GM have any stock?
He said the new GM -- General Motors Company -- currently has no stock or bonds owned by the public. Moreover, none of the stock or bonds currently held in Motors Liquidation Company (the old GM) will become securities of the new GM, he said.
What will happen to the old GM stock?
Moreover, none of the stock or bonds currently held in Motors Liquidation Company (the old GM) will become securities of the new GM, he said. Marchesi said Motors Liquidation Company (the old GM) stock is currently trading at 93 cents a share under the symbol MTLQQ.
What's the difference between Motors Liquidation Company and the new GM?
Motors Liquidation Company and the "new" GM are separate entities,'' Marchesi said. He said the new GM -- General Motors Company -- currently has no stock or bonds owned by the public. Moreover, none of the stock or bonds currently held in Motors Liquidation Company (the old GM) will become securities of the new GM, he said.
How much does General Motors stock pay a dividend?
General Motors pays an annual dividend of $1.52 per share, with a dividend yield of 4.28%. GM's next quarterly dividend payment will be made to shareholders of record on Thursday, December 19.
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How do I find out what a share of stock is worth?
The most common way to value a stock is to compute the company's price-to-earnings (P/E) ratio. The P/E ratio equals the company's stock price divided by its most recently reported earnings per share (EPS). A low P/E ratio implies that an investor buying the stock is receiving an attractive amount of value.
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 shares of GM stock are there?
1.46BShare StatisticsAvg Vol (3 month) 317.57MShares Outstanding 51.46BImplied Shares Outstanding 6N/AFloat 81.39B% Held by Insiders 14.93%7 more rows
Is GM stock expected to go up?
General Motors Company quote is equal to 32.190 USD at 2022-07-02. Based on our forecasts, a long-term increase is expected, the "GM" stock price prognosis for 2027-06-25 is 62.257 USD. With a 5-year investment, the revenue is expected to be around +93.4%. Your current $100 investment may be up to $193.4 in 2027.
How do you get rid of worthless stock?
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.
Does GM pay 2021 dividends?
Unlike rival Ford Motor , General Motors has decided against reinstating its dividend despite record profitability. General Motors (ticker: GM) reported fourth-quarter earnings on Tuesday and noted that it achieved record net income of $10 billion during 2021.
Who is the largest GM shareholder?
Factbox: General Motors' 15 largest shareholdersBerkshire Hathaway Inc 2.48 40.00.Franklin Advisers Inc 1.85 29.81.Capital World Investors 1.31 21.13.Franklin Mutual Advisers Llc 1.27 20.42.Invesco Advisers Inc 1.25 20.09.Fidelity Management & Research Co 1.19 19.19.Appaloosa Management LP 0.92 14.86.More items...•
Who owns the most of GM?
Top 10 Owners of General Motors CoStockholderStakeShares ownedThe Vanguard Group, Inc.6.84%99,786,914Capital Research & Management Co....5.57%81,227,171Capital Research & Management Co....5.12%74,587,645BlackRock Fund Advisors4.56%66,491,7866 more rows
Is GM a strong buy?
GM trades for six times projected earnings of about $7 a share in both 2022 and 2023, one of the S&P 500 index's lowest price/earnings ratios. Its market cap of $60 billion compares with $1 trillion for Tesla (TSLA). “The stock is very attractive.
Is it a good time to buy GM?
General Motors Company - Hold Valuation metrics show that General Motors Company may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of GM, demonstrate its potential to outperform the market. It currently has a Growth Score of D.
Is GM a good stock to buy 2022?
At the current market price of about $39 per share, GM stock trades at just about 5x the mid-point of projected 2022 earnings. Growth is also likely to pick up a bit this year, with revenue rising by about 20% per our estimates.
Is General Motors stock a Buy, Sell or Hold?
General Motors stock has received a consensus rating of buy. The average rating score is and is based on 44 buy ratings, 6 hold ratings, and 1 sell...
What was the 52-week low for General Motors stock?
The low in the last 52 weeks of General Motors stock was 34.31. According to the current price, General Motors is 102.04% away from the 52-week low.
What was the 52-week high for General Motors stock?
The high in the last 52 weeks of General Motors stock was 66.56. According to the current price, General Motors is 52.60% away from the 52-week high.
What are analysts forecasts for General Motors stock?
The 51 analysts offering price forecasts for General Motors have a median target of 59.27, with a high estimate of 100.00 and a low estimate of 32....
Why are stocks volatile?
Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Growth stocks can be more volatile than other types of stocks. Value stocks can continue to be undervalued by the market for long periods of time.
What is equity summary score?
The Equity Summary Score is an accuracy-weighted sentiment derived from the ratings of independent research providers on Fidelity.com. It uses the past relative accuracy of the providers in determining the emphasis placed on any individual opinion. Learn More....
Why was the Chevrolet Bolt recalled?
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.
Did GM workers in Mexico defeat union?
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.
Company Profile
General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China. The company operates through…
Analyst Opinions
The Equity Summary Score is an accuracy-weighted sentiment derived from the ratings of independent research providers on Fidelity.com. It uses the past relative accuracy of the providers in determining the emphasis placed on any individual opinion. Learn More....
Research Reports
This generated report* compiles independent, third-party information highlighting key fundamental and technical data, analyst opinions, stock price movement, earnings data, and industry comparisons. Available only to Fidelity customers.
EDIT
I did not catch that the stock you mention was GM stock. GM went bankrupt in 2011, so it's likely that the stock you own is worthless. I have edited the first answer appropriately but left the other two since they apply more generally. In your case the best you get is a tax deduction for the loss in value from the date your father died.
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What was the name of the company that sold all of its assets to the new GM?
The old GM sold almost all of its assets to the new GM, then it was renamed "Motors Liquidation Company ," said Jim Marchesi, a certified financial planner with Mill Ridge Wealth Management in Chester.
Is the new GM a separate entity?
Motors Liquidation Company and the "new" GM are separate entities,'' Marchesi said. He said the new GM -- General Motors Company -- currently has no stock or bonds owned by the public. Moreover, none of the stock or bonds currently held in Motors Liquidation Company (the old GM) will become securities of the new GM, he said.
