This, in turn, can help them shape their analysis and investment decisions.
Many commentators believe that the GM indicator carried much more weight in the 1970s and 80s when GM had a much broader control of the auto industry's market share.Įconomic indicators are used by economists, governments, and investors to interpret economic data in order to judge the health of a nation's economy.Another use for the indicator lies in the company's share price when it rises, the economy flourishes while a drop indicates economic instability.The indicator suggests that when consumer confidence is high, people are more likely to make big purchases like new cars, leading to a flourishing economy and stock market.The General Motors Indicator directly links the success and failure of GM to the performance of the U.S.The new shares are selling on the New York Curb, "when, as, and if issued," at from $141 to $143 per share, which, on the basis of the new plan, would mean a price of $705 per share for the present common stock. This would be equivalent to $212 a share for the present capitalisation, and better than $42 per share on the new common issue. The year 1917 is expected to surpass this record, for the company should do a gross business in excess of $200,000,000, and have a balance of $35,000,000 for the common issue. For the year ended July 31st the company earned about $26,000,000 for its common stock, or approximately $160 per share. The unusual advance in the market value of the stock is believed to be a reflection of the public approval of the new plan and of the company's unprecedented earnings. It is stated that the new common stock will represent an earning capacity of better than $30 per share.
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Subscribe for free and invest smarter today. The new preferred will he callable at $110 in in 1918. Find the latest General Motors (NYSE:GM) stock price, news, analyst forecasts, insider trading data, and more. Tesla to join S&P 500, spark epic index fund trade Raamdeo Agrawal is bullish on conventional auto stocks Ford accelerates turnaround in Q3 with pickup. Today, GM announced that it has bought a 25 interest in electric-boat maker Pure.
The preferred issue will be increased 33 and a third per cent by the issue of new 6 per cent preferred shares. Shares of General Motors ( NYSE:GM) stock closed up 3.7 on a mostly 'red' day for stock markets on Monday. The General Motors Company has under way a recapitalisation plan that calls for a 400 per cent stock dividend on the common, equivalent to five shares of non-par value stock for each share of the present capital stock. Next day General Motors rose $55 per share, to $697, making a gain of $107 for two days, and Bethlehem Steel gained $30¾, to $555, per share, a rise of $55¼ for the two days. Just by way of comparison, Bethlehem Steel, hitherto the premier war stock, gained 24½ points the same day, to 524½, a new high record. The advance on September 12th last was an experience to which even old-time traders were unused. Then it began to advance under steady buying, and its low point for the present year never went below $405. Even in 1915 it sold for only $82 per share. In 1913-14 it sold as low as $25 per share for many months after the market soared as a result of munition and motor orders, it lagged behind other issues of its class. The stock market career of General Motors stock has been spectacular in the extreme, surpassing even the rise of Bethlehem Steel. The record high price for a stock on the Boston market is held by Calumet and Hecla, which brought $1,000 per share in 1907. The latter issue sold on one occasion at the record price of $1,000 per share, but this was a forced price during the corner of 1901. This week General Motors stock sold at $697 per share, the highest price at which any stock ever has sold on the New York Stock Exchange, with the exception of Northern Pacific. in General Motors and recovered 39 billion when it sold its shares on. A Boston correspondent writes: Bethlehem Steel's amazing market rise has been eclipsed. General Motors Company (GM) is an American multinational automotive manufacturing company.