) has authorized a new $6 billion share buyback program and raised its quarterly dividend by 33%, citing the growth of its electric vehicle business.Uh simpler trick or simple GM General Motors authorizing a new $6 billion share buyback program and raising its quarterly dividend by 33%.
So this is something that we're consistently seeing and for GM in particular, comes on the heels of the growth of that EV business, which we know came a little bumpy at the beginning for them, but they're, they're committed to this market.
GameStop stock spiraled lower Monday after a wild week that culminated in a livestream from investor Keith Gill, also known as Roaring Kitty. It also said in a filing with the Securities and Exchange Commission on Friday that it was selling up to 75 million shares of the company’s stock. Trade in so-called meme stocks had been reinvigorated this week after a series of posts from Gill showed his position of 5 million shares and 120,000 call options that expire on June 21 with a $20 strike price.