GM CFO makes big stock buy, analysts call it an 'unusual' move
Michigan News - Lehto Live • 7m 23s
General Motors CFO Paul Jacobson demonstrated his confidence in the automaker by making a rare move: purchasing GM stock. In a transaction dated May 19, Jacobson invested approximately $1.01 million of his personal funds to acquire 31,000 shares at $32.60 per share. This purchase brings Jacobson's total ownership to 186,847 shares, with an estimated value of around $6.1 million. Jacobson's action reflects his positive outlook on General Motors and reinforces his belief in the company's potential for growth and success.
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