General Motors Stock Surged 65% Over the Past Year. Is Now the Time to Buy?
GM is still an automotive company, and the industry is facing plenty of headwinds.
Overview
General Motors (NYSE: GM) stock has been a stand-out performer over the past year, beating both the S&P 500 and many of its automotive peers. The stock has surged 65% in that period, and some analysts believe it could jump 55% from its current level.
The enthusiasm is driven by GM's current share repurchases and, in my opinion, overly optimistic views of the automotive market. Here's what's happening with GM right now, and why I'm not convinced that buying the stock is the right move.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.