Paul A. Jacobson, Executive Vice President and Chief Financial Officer of General Motors Co. (NYSE:GM), sold 40,000 shares of the company’s common stock on May 26, 2026. The transactions totaled $3.2 million, with shares sold at a price of $80.00 each. The sale comes as GM shares trade at $84.34, near their 52-week high of $87.62, following a remarkable 77% gain over the past year.
Following this direct sale, Mr. Jacobson now directly holds 425,675 shares of General Motors common stock. The sale was reported in a Form 4 filing. According to InvestingPro analysis, GM currently appears overvalued relative to its Fair Value. Investors can access 11 additional InvestingPro Tips for deeper insights into GM’s financial health and market position.
In other recent news, General Motors (GM) reported first-quarter 2026 results that exceeded consensus expectations, according to Freedom Broker, which resumed coverage with a Hold rating and set a price target of $76. Wells Fargo also raised its price target for GM stock to $59 from $57, maintaining an Underweight rating, after GM beat first-quarter adjusted EBIT expectations and increased its full-year adjusted EBIT guidance due to an IEEPA refund. Additionally, GM is recalling 2,785 vehicles, including certain 2018 and 2019 Chevrolet Silverado and GMC Sierra models, due to a defect in the roof rail airbag inflators, as reported by the National Highway Traffic Safety Administration. In a move to reduce costs and reshape its workforce, GM is cutting between 500 and 600 salaried employees from its information technology department. Meanwhile, Morgan Stanley noted that U.S. auto sales in April slightly exceeded expectations, reaching an annual rate of 16.1 million units, despite a year-over-year decline.
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