Scalper1 News
GM announced a $5 billion share buyback program, beginning immediately, averting a proxy battle with activist investor Harry Wilson. The plan also drove shares up more than 2% Monday, leading the sector higher. General Motors (GM) rose 0.83 to 37.67 in volume that jumped nearly 40% above average. GM’s average volume over the past 50 sessions is 15.3 million. The Auto Manufacturers group remains in the middle of the pack within IBD’s 197 industry Scalper1 News
Scalper1 News