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Is GM stock still being traded on the stock market?
Best Answer: No, GMGMQ was suspend from trading on Friday due to 'extraordinary events'. http://www.nytimes.com/2009/07/11/busine… It seems that there is ...
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Alvie 5:06 pm on August 29, 2010
No, GMGMQ was suspend from trading on Friday due to ‘extraordinary events’.
http://www.nytimes.com/2009/07/11/business/11shares.html
It seems that there is some stock manipulation and fraud going on with this stock. Because some websites are advising their clients to buy this stock, even though the management of GM has warned investors numerous times that this stock is worthless.
Perhaps some people will go to jail over this. I hope.
aaron 5:06 pm on August 29, 2010
Yes. I would not invest in them yet. What until GM get situated and see what happens unless you want to lose money. I heard from yahoo answers that GM is going to have a new stock of shares out and the old one is gone. I would what awhile and see. There are better companies to invest in. Don’t do the survey this other guy is giving you because it is a scam. I have done surveys and they try to get you to buy stuff and all types of crap. Do nt give your e-mail if you try this scam because your e-mail will be flooded junk and scams.
zman492 5:06 pm on August 29, 2010
Stock in "the old GM" (also known as "Motors Liquidation Co.") is still trading under the ticker symbol GMGMQ.
Stock in "the new GM" is not trading yet. It is not expected to start trading until next year, at the earliest.
There is a good explanation at
http://money.cnn.com/2009/07/06/news/companies/gm_roadmap/index.htm
cmcav@yahoo.com 5:06 pm on August 29, 2010
Yes and it’s a sucker trade.