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What was the price of General Motors stock in 1929? ›

General Motors (GM)

In 1921, GM was trading around $9.63 per share. By 1925 that figure grew to just over $22 per share and kept rising — peaking at $111 in 1929. By the end of the bull market, GM was worth $3.9 billion.

Market capitalization, or market cap, is the total value of a company's shares of stock. If a company has issued 10 million shares, and its share price is $100, its market cap is $1 billion. Market cap is calculated by multiplying the number of stock shares outstanding by the current share price.

After the Chapter 11 filing, effective Monday, June 8, 2009, GM was removed from the Dow Jones Industrial Average and replaced by Cisco Systems. From Tuesday June 2, old GM stock has traded Over the Counter (Pink Sheets/OTCBB), initially under the symbol GMGMQ and subsequently under the symbol MTLQQ.

Several individuals who bet against or “shorted” the market became rich or richer. Percy Rockefeller, William Danforth, and Joseph P. Kennedy made millions shorting stocks at this time. They saw opportunity in what most saw as misfortune.

Of course, buying and holding doesn't mean you “forget” about your investments altogether, advises Frederick. You can still think about trading once or twice a year in the interest of rebalancing, since your asset allocation might have become out of whack in the normal course of market ups and downs.

Within finance, the current market value (CMV) is the approximate current resale value for a financial instrument. Just as with any other object of value, the current market value offers interested parties a price for which they can enter into a transaction.

A high market cap signifies that the company has a larger presence in the market. Larger companies may have less growth potential than start-up firms, but established companies may be able to secure financing cheaper, have a more consistent stream of revenue, and capitalize on brand recognition.

GM shares began the bull market in August of 1921 priced at $9.63. By August of 1925, the company had become part of the Dow, and its shares had risen to $22.25 apiece.

On September 3, 1929, the Dow Jones Industrial Average reached a record high of 381.2. At the end of the market day on Thursday, October 24, the market was at 299.5 — a 21 percent decline from the high.

NEW YORK (CNNMoney.com) -- General Motors will raise a record $20.1 billion in its initial public offering. The automaker priced its common shares at $33, the upper end of its price range, Wednesday evening.

What year did General Motors go public? ›

GM's common stock began trading on the New York Stock Exchange (NYSE) on November 17, 2010.