Seeking Alpha

Uncle Sam sells about a third of GM stake in October

  • The Treasury Department says it sold $1.2B worth of stock in General Motors (GM +1.3%) during October.
  • The dollar amount represents roughly a third of what the government showed it owned in GM as of September 26.
  • The pace of the systematic withdrawal is being watched closely with some analysts thinking a GM dividend could follow the final sale by the government.
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