What's Going On With General Motors (GM) Stock
Portfolio Pulse from Henry Khederian
General Motors Co (GM) shares are trading lower amid uncertainty due to potential United Auto Workers (UAW) strikes. A prolonged strike could impact the company's financial health and lead to a decline in the stock price. A potential UAW strike could also result in economic damage, higher inflation, and impact car model availability and prices.
September 11, 2023 | 4:36 pm
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GM's stock is trading lower due to potential UAW strikes. A prolonged strike could negatively impact the company's financial health and lead to a decline in the stock price.
The potential UAW strikes create uncertainty in the market, which can make investors nervous. This nervousness can lead to a sell-off of shares, causing the stock price to decline. Additionally, a prolonged strike could have a more significant and lasting impact on the company's financial health, further driving down the stock price.
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