Gm

S

S2007S

just dropping like a rock these last few days....cramer said this was going to $40...came close but I think thats it for GM, back to the mid 20's it goes.
 
Quote from olwisepieeye:

Just watched a clip on CNBC where they were talking about Krekorian (sp?) selling 14 million shares.
More...



yea I think thats the reason,

he is boosting his stake in MGM, I guess the money follows where he goes......

MGM new high, up 10% on this news


Last Trade: 54.29
Trade Time: 12:37PM ET
Change: Up 5.29 (10.80%)
Prev Close: 49.00
Open: 52.00
Bid: N/A
Ask: N/A
1y Target Est: 51.69

Day's Range: 52.00 - 54.40
52wk Range: 34.20 - 49.36
Volume: 3,916,300
Avg Vol (3m): 1,517,640
Market Cap: 15.26B
P/E (ttm): 29.17
EPS (ttm): 1.861
Div & Yield: N/A (N/A)
 
WASHINGTON (Reuters) - Billionaire Kirk Kerkorian's Tracinda Corp. investment firm reported on Wednesday holding a 7.4-percent stake in giant auto maker General Motors Corp. (NYSE:GM - News), down from 9.9 percent.

In a U.S. regulatory filing, Tracinda said it agreed on November 20 to sell 14 million common shares in a private transaction for $33 per share.
 
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