(Bloomberg) — General Motors Co. shares rose to their highest level in almost three months after a Deutsche Bank analyst speculated the automaker could spin off its electric-vehicle unit to create more value.The stock pared a gain of as much as 10.5% in Monday trading before closing up 7.7% at $30.01 a share — the biggest one-day jump since May 18 and its highest close since June 8. That came after Deutsche Bank’s Emmanuel Rosner wrote in a report published Monday the automaker could be worth as much as $93 a share if GM spins out its electric-vehicle business.GM has …read more
Source:: Yahoo Finance
