General Motors ( GMGMQ ) stock is surging today as the company comes out of bankruptcy and a new company emerges. Why are traders and investors bidding up GMGMQ stock?
General Motors Company (the "new GM") currently has no publicly traded securities. Please note that none of the publicly owned stocks or bonds issued by the former General Motors Corporation (now renamed "Motors Liquidation Company"), including its common stock formerly traded on the New York Stock Exchange under the ticker symbol "GM", are or will become securities of General Motors Company, which is an independent separate company.
http://www.gm.com/corporate/investor_information/
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