GM stock jumps on $6B buyback and upbeat 2026 outlook — here’s what traders are watching
GM shares surged 9.2% to $86.70 after the company raised its 2026 profit forecast and approved a $6 billion share buyback. GM also increased its quarterly dividend by 20%, citing strong North American demand for trucks and SUVs. The automaker projected 2026 adjusted EBIT between $13 billion and $15 billion. Tariffs and commodity costs remain key risks.