General Motors Company (NYSE:GM) gapped down slightly lower to begin Monday’s trading session but bulls came in and bought the dip, causing the stock to shoot up 6.6% higher at one point.
Traders and investors took a renewed interest in GM after the company announced it had delivered over 613,000 vehicles in China during the first quarter. The deliveries number prompted Exane BNP Paribas to initiate coverage on the stock with an Outperform rating.
