General Motors Shares Up On Auto Sales Surge

HFA Padded
HFA Staff
Published on
Updated on

General Motors Company (NYSE:GM) was the biggest winner from a surge in auto sales in October, according to a Bloomberg report. The ending of the government shutdown was one of the biggest factors influencing the rise in sales of cars during the month. Other American car manufacturers like Ford Motor Company (NYSE:F) and Chrysler also did well in the period. According to the report, General Motors Company (NYSE:GM) increased sales by 16% year on year in October. The gains beat the 7.9% that analysts were looking for from the company. Ford Motor Company (NYSE:F) recorded a 14% increase, below the 16% analysts…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

The post above is drafted by the collaboration of the Hedge Fund Alpha Team.