Are old GM shares worth anything?

Are old GM shares worth anything?

Shares of GM were initially priced at $33 a share, so those early investors are down, since the stock is trading for $29.10. But, unfortunately for shareholders in the old GM, the relative safety of the new GM’s stock is of no value to them. Shares of the old GM are canceled.

What was the highest price for GM stock?

General Motors – Stock Price History | GM

• The all-time high General Motors stock closing price was 63.92 on June 08, 2021.
• The General Motors 52-week high stock price is 64.30, which is 1.4% above the current share price.
• The General Motors 52-week low stock price is 40.04, which is 36.8% below the current share price.

When did old GM stock became worthless?

The old GM stock stopped trading on the New York Stock Exchange on June 1, 2009, the day that GM filed for bankruptcy. Each share of GM stock became a share in Motors Liquidation. While it was widely reported that the shares were worthless, those shares still traded, then and now, over the counter.

How many times has GM stock split since 1989?

According to our General Motors stock split history records, General Motors has had 1 split. General Motors (GM) has 1 split in our General Motors stock split history database. The split for GM took place on March 29, 1989.

What happened to the old GM stock shares?

From Tuesday June 2, old GM stock has traded Over the Counter (Pink Sheets/OTCBB), initially under the symbol GMGMQ and subsequently under the symbol MTLQQ. As ranked by total assets, GM’s bankruptcy marks one of the largest corporate Chapter 11 bankruptcies in U.S. history.

Who owns stock in GM?

Top 10 Owners of General Motors Co

When did GM go public?

November 17, 2010
The General Motors Company (NYSE: GM) IPO launched on November 17, 2010. Since then, much has happened with the “new” General Motors. Over the past four years, from November 17, 2010, when the “new” GM launched, to now, General Motors Company share prices were down about 2 percent from the IPO price.

Does GM pay dividends?

General Motors Dividend History General Motors started paying dividends in FY14 at $1.2 per share, which subsequently reached $1.52 per share ($0.38 per quarter) in FY16, and the dividend lasted until the first quarter of 2020 before GM suspended the payments due to COVID-19.

Did GM reverse split?

GE effected a 1-for-8 reverse stock split on July 30, 2021. The split adjusted shares began trading on August 2 above $100, the company announced. The reverse split multiplied the price of the stock investors own by 8, but also reduced the number of shares they owned, by dividing the number by 8, MarketWatch reports.

How much dividends does GM pay?

General Motors started paying dividends in FY14 at $1.2 per share, which subsequently reached $1.52 per share ($0.38 per quarter) in FY16, and the dividend lasted until the first quarter of 2020 before GM suspended the payments due to COVID-19.

Is GM going broke again?

General Motors filed for bankruptcy early Monday, marking the end of an era for GM, as the troubled automaker now represents the largest bankruptcy in history. Once the world’s largest automaker, now the ailing giant will be forced to close more than 10 plants and cut more than 20,000 jobs.

Who is GM biggest shareholder?

Top 10 Owners of General Motors Co