General Motors Finally Makes New All-Time High

General Motors Company GM shares are trading higher by $1.62 at $42.00 in Monday's session.

An executive from the company made positive comments on the progress of fuel-cell vehicles and expects future years "will be profitable." The company announced that 20 new all-electric vehicles will hit the market by 2023.

From a technical standpoint, GM's stock opened above the quintuplet of highs at the $40.60 and kept on going. The continuation rally has taken the it beyond its former all-time high that was made in December 2013 at $41.85, rallying to $42.48.

At of Noon EST, it's struggling to remain in the $42 handle and post its first ever close above that mark.