January 10, 2017 / 6:42 PM / 10 months ago

BUZZ-General Motors: Over 1-1/2 year high on upbeat outlook

Jan 10 (Reuters) - ** Automaker’s shares rise as much as 5.9 pct to more than 1-1/2 year high of $38.16

** GM’s 2017 profit outlook zooms past Street estimates

** Company also expects to achieve the high-end of its 2016 earnings per share guidance

** Authorizes additional $5 bln share buyback, increases cost efficiency target by $1 bln to $6.5 bln through 2018

** More than 18.9 mln shares traded by 1:28 p.m. ET, 1.3x 30-day moving avg

** Up to Monday’s close, stock had risen 21.9 pct in the past 12 months

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