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Why did GM change it's stock symbol from GM to GMGMQ.PK and what does bankruptcy have to do with stock symbol?
GMGMQ.PK is a "pink sheet" listing. It is a symbol used for very high risk stock.
What happens to your GM stocks if GM filed for bancruptcy?
Your common stock becomes worthless. The value of your shares is zero dollars.
What will happen to your stock if gm files bankruptcy?
your stock will go to 30 dollars!
What will happen to GM stock holders if they file chapter 11 bankrupty?
your stock will go back to 100 dollars
What is future and option in stock market?
A futures contract is an agreement to buy or sell on date A, quantity B of stock C for price per share D. When date A comes around, you must buy the stock for that price. How this can backfire on you is pretty easy to understand. You bought a futures contract to buy 10,000 shares of GM for $30 per share on June 1, 2009. On June 1, 2009, GM declared bankruptcy and its stock closed at 75 cents per share. An instant loss of $29.25 per share (or $292,500 on the whole deal) is enough to forever discourage anyone from trading in stock futures. Futures have a purpose in life--stabilizing the price of commodities for their users--but stock trading isn't one of those purposes. Options are different: they are like futures but you have the right, not the obligation, to complete the transaction. If you had bought a GM "call" option, you would have the right to buy GM at $30 on June 1. When GM went into the toilet you just wouldn't have exercised the contract. You can also deal in put options, which give their buyers the right to sell stock at a certain price. Puts are often used as insurance policies: if you have a stock you don't trust, you buy a put at the lowest price you want it to fall to. If it DOES fall below that price, you're rid of it.
What is the stock symbol for GM?
The stock symbol for General Motors Company is GM. It is traded on the New York Stock Exchange (NYSE). This symbol is used to identify the company's shares in the stock market.
What is the stock symbol for OnStar?
OnStar is owned by GM. I believe it doesn't have it's own stock symbol but is apart of GM.
What the stock symbol for onstar?
OnStar is owned by GM. I believe it doesn't have it's own stock symbol but is apart of GM.
Why did GM change it's stock symbol from GM to GMGMQ.PK and what does bankruptcy have to do with stock symbol?
GMGMQ.PK is a "pink sheet" listing. It is a symbol used for very high risk stock.
Chevy stock symbol?
gm
What is stock symbol for Chevrolet?
It has no stock symbol. It is a part of General Motors, so would be included in GM.
What is ticker symbol for General Motors when it opens tomorrow?
GM's common stock will begin trading on November 18, 2010, on the New York Stock Exchange under the ticker symbol "GM" and on the Toronto Stock Exchange under the symbol "GMM."
What happens to your GM stocks if GM filed for bancruptcy?
Your common stock becomes worthless. The value of your shares is zero dollars.
What is the ticker symbol for Chevy?
The stock symbol is GM, for General Motors, Chevrolet's parent company.
What is Chevy's stock symbol?
Chevrolet is owned by General Motors and trades on the NYSE under the symbol GM.
What is the stock symbol for gmc?
GM. All the units of General Motors trade as one entity.
Will gm stock bought under the ticker symbol gmgmq be automaticlly be transferred to the new stock symbol after the company comes out of bancruptcy?
The short answer is no. The long answer involves the government-controlled bankruptcy.
