Providers and Administrators in blue logo
MenuMENU
SearchSEARCH

GM stock hits new high, up 15% from IPO

January 3, 2011
2 min to read


General Motors Co. common stock closed at $37.06 today, up 20 cents, after a day of hitting new highs.


The stock price climbed throughout the day, peaking at $38 a share — 15 percent over its initial public offering price of $33 a share, as the market overall rallied on forecasts the economy would lift in the New Year, reported The Detroit News.

Ad Loading...


The increase continues GM's upward trajectory in the markets after Wall Street analysts last week gave the post-bankruptcy company high marks and a bullish outlook for 2011.


The closing price — its highest since returning to the public markets in November — was 12 percent over its IPO price.


GM ultimately sold off $23.1 billion of common and preferred stock in its IPO, making it the world's largest in history.


The stock price has started to rise within the last few days after weeks of staying under $36 a share.


Analysts at several major Wall Street banks offered a bullish outlook on GM's future last Tuesday, resuming coverage of the automaker and issuing their first reports since it went public. GM was dropped from the stock exchange when it filed for bankruptcy in 2009.

Ad Loading...


Some analysts anticipate GM's stock could fetch as high as $50 a share by the end of this year, putting it within dollars of the price needed for the U.S. Treasury to break even on its automaker bailout. Others estimated it could hit between $42 and $45 a share as GM's bankruptcy restructuring begins to pay off.

More Industry

Line graphic showing week-over-week wholesale auto price changes
Industryby StaffApril 22, 2026

Black Book: Weekly Market Update

Wholesale auto conversion rates dropped slightly as auction buyers proved picky last week, analysts observed.

Read More →
pavement with car and charger wrapped around it painted on
Industryby Lauren LawrenceApril 16, 2026

EV Battery Cycle Life at Risk

Fast charging of electric vehicles provides a solution for range anxiety, but it also poses a risk to battery cycle life due to increased temperatures, according to an EV supply chain data provider.

Read More →
Photo of exterior facade of Beardmore Chevrolet store
Industryby Hannah MitchellApril 14, 2026

Founding Family Sells Nebraska Dealerships

Expanding Midwest automotive group picks up three stores as part of the robust transaction activity early this year.

Read More →
Ad Loading...
Up-close photo of car battery
Industryby Hannah MitchellApril 13, 2026

Automaker Increases Parts Recycling

Stellantis is adding a third end-of-life vehicle dismantling facility to feed its growing reuse business sparked in large part by autos’ growing lifespans.

Read More →
Photo of white 2026 Ford Bronco on a sandy beach
Industryby Hannah MitchellApril 10, 2026

March New-Vehicle Sales Don’t Reflect War

Cox Automotive data shows Americans doubled down on big-is-better despite price increases. Slightly higher incentives helped fuel the demand.

Read More →
Photo from the rear of the XC60 SUV
IndustryApril 8, 2026

Volvo to Shift Some EV Production to U.S.

The automaker says its movement of some electric-vehicle work to the S.C. factory is part of a more tailored product focus. It also plans to add a new hybrid model to the plant’s itinerary.

Read More →
Ad Loading...
Bar graphic depicting week-over-week change across the various vehicle segments
Industryby StaffApril 7, 2026

Black Book: Weekly Market Update

Last week's wholesale automotive auction activity continued in a healthy mode, though buyers practiced selectivity.

Read More →
red car at a gas station being filled with gas. Efficiency Drives Demand. Providers and Administrators logo
Industryby Lauren LawrenceApril 7, 2026

Gas Prices Driving Consumer Interest

CarGurus’ first quarterly review of 2026 shows that affordability concerns are continuing to drive consumer purchases with a shift to more fuel-efficient options.

Read More →
Blurred photo of red car moving down a road
Industryby Hannah MitchellMarch 31, 2026

Automakers Have More Tricks Up Their Sleeves

JD Power analysts see auto retail faring this year’s storms well through various means, though it acknowledges conditions are challenging to accurately predict.

Read More →
Ad Loading...
background view of Washington D.C. with the capitol building and cherry trees. Text says 'What's the Cost?' with two diverging arrows and the Providers and Administrator's logo
Industryby Lauren LawrenceMarch 31, 2026

Insurance Rates Continue to Fall

Car insurance premiums have continued to decline so far this year, the overall national average settling at $138 per month in March, according to Insurify data.

Read More →