According to a proxy statement by General Motors Company (GM) released on Thursday, the company’s Chairman and Chief Executive Officer, Mary Barra, received a bit less than $22 million in total compensation in 2018.
General Motors shares closed higher for a third consecutive trading session in New York on Thursday. The stock went up 0.78% ($0.31) to $40.30, after touching an intraday high at $40.45, or a price level not seen since March 4th ($41.50).
Shares of General Motors Company have risen 20.48% so far in 2019 compared with a 15.88% gain for the benchmark index, S&P 500 (SPX).
In 2018, General Motors’ stock went down 18.39%, thus, it underperformed the S&P 500, which registered a 6.24% loss.
According to GM’s proxy statement, Mary Barra’s total compensation for 2018 was estimated at $21.87 million. That compares with $21.96 million earned in 2017 and $22.58 million received in 2016. Last year Barra earned 281 times what the median GM employee was paid.
The CEO’s compensation package included base salary of $2.1 million, stock awards of nearly $11.1 million, over $3.4 million in options as well as a performance award of nearly $4.5 million.
The proxy also showed that GM’s Chief Financial Officer Dhivya Suryadevara had received a bit over $5.5 million in total compensation last year.
At the same time, Dan Ammann, GM’s former President and the current head of its Cruise automation unit, earned slightly less than $9 million in 2018.
According to CNN Money, the 18 analysts, offering 12-month forecasts regarding General Motors Company’s stock price, have a median target of $47.50, with a high estimate of $67.00 and a low estimate of $33.00. The median estimate represents a 17.87% upside compared to the closing price of $40.30 on April 18th.
The same media also reported that 12 out of 21 surveyed investment analysts had rated General Motors Company’s stock as “Buy”, while 6 – as “Hold”. On the other hand, 1 analyst had recommended selling the stock.
Weekly Pivot Levels
By using the traditional method of calculation, the weekly levels of importance for General Motors Company (GM) are presented as follows:
Central Pivot Point – $40.03
R1 – $40.72
R2 – $41.13
R3 – $41.82
R4 – $42.50
S1 – $39.62
S2 – $38.93
S3 – $38.52
S4 – $38.10
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