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General Motors Gets Back To Its Winning Ways

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General Motors Company (NYSE: GM) shares are trading higher by 81 cents (2 percent) at $45.70 in Friday's session.

The stock snapped an eight-day winning streak on Thursday when it announced it was going to idle a Detroit plant for six weeks amid slow demand. As a result, it fell from $45.47 to $44.89.

However, an upgrade from Barclays has the stock firmly in the green. In fact, it has exceeded its post-bankruptcy all-time high, when it reached $46.11 earlier in today's session. That far exceeds its former all-time high that was made Wednesday at $45.59.

After lagging the broad market for the last few years, General Motors has been a stellar performer in 2017, higher by 31 percent from its year-end close of $34.84.

Posted-In: Technicals Intraday Update Movers Trading Ideas

 

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