The title of the GM EXCEEDS $ 33 for the first time in more than two years

Shares of General Motors (NYSE: GM)-have significant year Reached level on Friday, surpassing the price of the initial public offering of $ 33 for the first time in over two years Their.

The title of American automaker Reached $ 33.75 in the day, before retreating to $ 33.42, all the same, up 3.18 percent icts Compared to previous closing rate.

The automotive giant HAD sold shares to the public for $ 33 in a public offering in November 2010, Aimed They Had never been traded beyond That price since May 4, 2011.

Increase This is good news for the U.S. Treasury, All All All which product is the sale of assets to GM icts. Taxpayers still hold 241,700,000 shares, resulting and rescue and GM and $ 49.5 billion from the government in 2008 and 2009.

GM DID state there are two weeks of solid financial results in the first quarter thanks to sales in North America and China. The shares-have Gained Nearly 14 percent this year.

The Advanced Friday is Likely due to overall gains in the sector and better prospects in Europe, Where GM HAS lost money for more than ten years.

Source: GM