Business
Why General Motors stock jumped 27% last month
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
What happened
Shares of General Motors (NYSE: GM) were revving higher after the automaker delivered a strong third-quarter earnings report and benefited from bullish sentiment in the electric-vehicle sector as investors are beginning to appreciate the company’s exposure to EVs.
Consequently, the stock finished the month of November up 27%, according to data from S&P Global Market Intelligence. It also benefited from broad market trends around coronavirus vaccine news and a positive response to the election results.
As you can see from the chart below, General Motors stock gained consistently over most of November…
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