Is GM Stock A Buy? General Motors Breaks Out On EV Unicorn Surprise [Yahoo! Finance News]
GM stock brok out to its first rcd high in m than thr yars on Tusday asGnral MotsFdExFDXAftr going nowhr f narly a dcad, GM stock movd into th fast lan in th final quartr of 2020 as it unvild th Hummr EV. Manwhil, GM arnings and sals shiftd into ovrdriv in th back half of 2020, hlping financ an acclratd transition to EVs.This wk, GM has grabbd th limlight, as it shows off its modrnizd brand logo and maks th cas that it has a winning EV stratgy at th Consumr Elctronics Show. So is now a good tim to buy GM stock?IBD'sSwingTradrGM Stock Pricd Lik An UndrdogGM says it's hadd f th front of th pack, yt it's still pricd lik an undrdog.As of Jan. 12, GM had a $68.5 billion markt cap, compard to $805 billion fTslaTSLAYt thos sals of vhicls with intrnal combustion ngins com from a businss which Mgan Stanly analyst Adam Jonas dscribs as a "mlting ic cub," dstind f a long-trm dclin.Wall Strt analysts argud in rcnt months that GM should spin off its Ultium lctric vhicl oprations to gt a m propr va
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