SAN FRANCISCO (MarketWatch) — Shares of General Motors traded higher in the extended session Monday after the U.S. Treasury announced it had sold the last of its shares in the auto maker.
AFP/Getty Images General Motors chairman and CEO Dan Akerson Shares of GM (GM) rose 0.7% to $41.19 on heavy volume following the announcement. The stock, which is up 42% for the year, closed Monday at $40.90, its highest price since the auto maker emerged from bankruptcy. Read more on the GM stake sale.
The U.S. government invested a total of $49.5 billion in GM but got $39 billion back. In late November, the Treasury said it was looking to unload the remainder of its shares by the end of the year.
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