General Motors tests all-time-high

Source: Dukascopy Bank SA


During early Thursday's US trading hours, the stock price of General Motors tested its all-time-high level at 66.44.The stock price has been surging since May 12. Since that date the price has gained 17.83%.

The surge can be attributed to an initial recovery after a period of retracing back down in the aftermath of booking a new all-time-high level. Afterwards, it was fuelled further by news that GM would restart some of its plants that were closed due to global chip shortage. In addition, on Thursday, June 3, the company announced that it is increasing its profit forecasts.

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