How to Buy GM Stock
- 1). Look up the new ticker symbol. As of October 2009, the "old GM" remained in bankruptcy. As such, it was not eligible to be listed with the major exchange houses. However, as long as it exists the company can be tracked on the pink sheets (PK). The symbol is MTLQQ.PK (Motors Liquidation Company).
- 2). Research the stock. You can look up the price of the stock by typing the ticker symbol into the quote box for any of the major financial research sites like Yahoo! finance, MSN, or Google Finance.
- 3). Determine the price of the stock and the price you want to buy it for. On Oct. 16, 2009, GM stock sold for 65 cents per share. Its price over the prior 52 weeks ranged from 27 cents to $7.15 a share. Determine an entry point and set up alerts to notify you when your price target hits.
- 4). Contact your broker to buy or sell shares. Shares cannot be purchased directly from the company and must be traded through a broker who deals in pink sheet stocks.
- 5). Contact Motors Liquidation Company's investor relations if you have questions about your stock holdings in the company. Email: info@motorsliquidation.com, or call (800) 414-9603 for specific details and forms.
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