General Motors stock has been languishing for months, failing to climb past $30 per share since July of last year. Trading at around $22 per share today, the optimism that surrounded the company's emergence from bankruptcy and initial public offering in November 2010 has all but vanished. So it's no wonder that the United States Treasury has decided to sit on its GM shares, with no plans to sell of its remaining 26 percent stake in the automaker. According to The Detroit News, the Treasury believes that GM is underpriced given the changes that have happened at the company.
Autoblog, Treasury has no plans to sell remaining GM stock quite yet
