S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

General Motors (GM) Up 10% This Week

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The General, as the company used to be called, General Motors (GM) is up 10% this week. It trades at $34.43. On Monday, it was as low as $31.06.

It is a gravity-defying performance. With home sales still suffering and fuel prices rising, The General marches on.

There has been a lot of action in call options that expire after GM’s negotiations with the UAW begin in September. There is also word that the union may be about to settle with GM’s former parts unit, Delphi. If workers at the parts company strike over labor issues, GM’s production capacity could be hurt.

But, 10%? The UAW has never been very likely to strike Delphi. It would be costly for the union as well as GM. And, if GM is idled, workers there may be hurt over time. No, the UAW is not anxious to walk out.

July crude hit $68 today.

Ten percent is a big number.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Half of America Still Feels Financially Exposed Despite 8% Jump in Security
David Beren |

Half of America Still Feels Financially Exposed Despite 8% Jump in Security
52% of Americans Are Building Wealth While Ignoring Their Greatest Risk
David Beren |

52% of Americans Are Building Wealth While Ignoring Their Greatest Risk

Continue Reading

Douglas A. McIntyre |

UAW Kisses Off Delphi, A Sign Of Things To Come

The UAW told Delphi, the bankrupt car parts company, to take a hike. The labor contract offer from Delphi was…
Douglas A. McIntyre |

GM: A Long, Cruel Strike And Fuel For A Recession

The media said there would be no strike by the UAW. GM (GM) management seemed to indicate that talks on…
Douglas A. McIntyre |

How GM’s (GM) Stock Doubled

Consider this. Since late December 2005, GM’s (GM) stock has doubled to about $38. With all of the excitement about…
Douglas A. McIntyre |

GM (GM) At $40?

GM (GM) has not traded above $40 since late 2004. But, that could change. Former GM parts operation Delphi, which…
Ford Could Be Shut Down by UAW
Douglas A. McIntyre |

Ford Could Be Shut Down by UAW

The United Auto Workers, which represents most of Ford's assembly line workers in the United States, could call a strike…
Automakers, UAW Talks Make Progress; Now, About That T-Shirt
Paul Ausick |

Automakers, UAW Talks Make Progress; Now, About That T-Shirt

Two new strikes against U.S. and Canadian auto plants began on Monday. Did anyone notice?
Douglas A. McIntyre |

GM Recovery: An Illusion Of Success?

GM’s (GM) stock has doubled in 18 months to over $38. There are ample reasons. A settlement of the UAW’s…
Is a Strike Imminent as UAW-Detroit 3 Contract Nears Expiry?
247patrick |

Is a Strike Imminent as UAW-Detroit 3 Contract Nears Expiry?

The clock is ticking fast and the threat of a potential strike looms large.
Douglas A. McIntyre |

Amazon Faces Strike by German Workers

Some of Amazon.com's German workforce have called another strike to try to get better compensation.

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618