General Motors Co (NYSE:GM) stock is surging to record highs, last seen up 9.1% at $86.66, after the company’s better-than-expected fourth-quarter earnings of $2.51 per share, though revenue of $45.29 billion came in slightly below estimates. The auto name also announced a 20% dividend increase, a $6 billion share repurchase program, and strong 2026 earnings guidance.
GM has been rallying on the charts since its early-April lows, now up 57.8% year-over-year. The shares are pivoting higher after consolidating near the $80 level, breaking above the 20-day moving average’s short-term resistance. Should these gains hold, GM will mark its best daily percentage gain since October 2024.
Options traders are blasting General Motors in response, with 49,000 calls and 30,000 puts exchanged so far – 2.9 times the stock’s average daily volume. The weekly 1/30 85-strike call is the most popular, followed by the 88-strike call in the same series, with new positions being opened at both.
Analysts have yet to chime in on the results, though there is still some room for bull notes. Of the 27 analysts in coverage, 17 carry a “buy” or better rating, eight a tepid “hold,” and two a “strong sell.” Plus, the 12-month consensus price target of $83.13 is a 4% discount to current levels.
