GM shares hit 52-week high - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

*KILLER74Z28* · 10-23-2006, 02:45 PM

GM shares hit 52-week high

October 23, 2006

ASSOCIATED PRESS

Shares of General Motors Corp. traded at a new 52-week high of $35 on Monday in advance of the automaker’s release of third quarter earnings later this week.

Shares of the world’s largest automaker were up $1.36, or 4%, at $34.70 in afternoon trading Monday on the New York Stock Exchange. Over the past 52weeks, GM had previously traded between $18.33 and $34.

The automaker Wednesday is expected to release more promising results than Ford Motor Co., which announced a $5.8 billion loss in the third quarter Monday.
Thomson Financial’s survey of analysts expects GM to earn 49 cents a share during the third quarter, compared with a loss of $1.92 per share a year ago.

Burnham Securities analyst David Healy said GM has turned the corner with its turnaround plan and said GM’s stock was boosted in comparison to Ford’s third quarter results.

“I think there’s going to be quite a contrast there,” Healy said.

Check GM's stock performance at http://snipurl.com/106mc

Moose · 10-23-2006, 04:58 PM

I think GM has "turned the corner".

Way to go GM!

*TAG UR IT* · 10-24-2006, 01:15 AM

Ditto...

OverAnxious · 10-24-2006, 07:08 AM

Yep, things are looking up for sure

ShnOmac · 05-01-2009, 04:04 PM

Its amazing how far we have come since 2006.....wow

10-23-2006, 02:45 PM	#1
KILLER74Z28 MOD SQUAD Drives: 2G1FT1EW9A9100666 Join Date: Aug 2006 Location: West Michigan Posts: 5,782 View My Garage	GM shares hit 52-week high GM shares hit 52-week high October 23, 2006 ASSOCIATED PRESS Shares of General Motors Corp. traded at a new 52-week high of $35 on Monday in advance of the automaker’s release of third quarter earnings later this week. Shares of the world’s largest automaker were up $1.36, or 4%, at $34.70 in afternoon trading Monday on the New York Stock Exchange. Over the past 52weeks, GM had previously traded between $18.33 and $34. The automaker Wednesday is expected to release more promising results than Ford Motor Co., which announced a $5.8 billion loss in the third quarter Monday. Thomson Financial’s survey of analysts expects GM to earn 49 cents a share during the third quarter, compared with a loss of $1.92 per share a year ago. Burnham Securities analyst David Healy said GM has turned the corner with its turnaround plan and said GM’s stock was boosted in comparison to Ford’s third quarter results. “I think there’s going to be quite a contrast there,” Healy said. Check GM's stock performance at http://snipurl.com/106mc

10-24-2006, 07:08 AM	#4
OverAnxious Drives: 1967 RS/SS L78 Coupe Join Date: May 2006 Location: Detroit, MI Posts: 799	Yep, things are looking up for sure __________________ Joe Over Anxious - 1967 Camaro RS/SS L78 5th Gen Camaro BLOG // My eBay auctions

10-23-2006, 04:58 PM	#2
Moose Moderator Drives: '99 Camaro SS #1392 Join Date: Jun 2006 Location: Newtown, Pa. Posts: 3,982	I think GM has "turned the corner". Way to go GM!

10-24-2006, 01:15 AM	#3
TAG UR IT www.Camaro5store.com Drives: 2014 ZL1 #705 Join Date: Jul 2006 Location: SA, Texas Posts: 26,558 View My Garage	Ditto...

05-01-2009, 04:04 PM	#5
ShnOmac Drives: 2006 Silverado SS, 2009 G8 GT Join Date: Aug 2008 Location: PNW Posts: 13,313	Its amazing how far we have come since 2006.....wow