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Old 10-23-2006, 02:45 PM   #1
KILLER74Z28
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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
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Old 10-23-2006, 04:58 PM   #2
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I think GM has "turned the corner". Way to go GM!
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Old 10-24-2006, 01:15 AM   #3
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Ditto...
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Old 10-24-2006, 07:08 AM   #4
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Yep, things are looking up for sure
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Old 05-01-2009, 04:04 PM   #5
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Its amazing how far we have come since 2006.....wow
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