Volume Spike Investor

General Motors Corp. (NYSE: GM) is seeing a huge spike in trading after the company reported its sales for June.  To make matters short, the results were far “less bad” than expected at -18.5%.  Yep, estimates were much worse.  GM shares are up almost 4% on teh day, but that is up well over 10% from lows.  At 1:57 PM EST shares are at $11.85 but shares had been as low as $10.71 today on more than 30 million shares.  Shares of Ford (NYSE: F) are still down about 4% at $4.60 on some 60 million shares.

JOn Ogg
July 1, 2008