Why General Motors Stock Is Down Today
Shares of General Motors (NYSE: GM) were moving lower on Tuesday, after news reports and statements from the United Auto Workers (UAW) labor union made it clear to investors that auto factories in the United States won't be reopening soon.
As of 2:30 p.m. EDT today, GM's shares were down about 5.6% from Monday's closing price.
GM, like most other automakers with factories in North America, shut down its plants in mid-March amid the onset of the coronavirus pandemic. For auto investors worried about the huge loss in revenue that GM and the others are suffering, the big question is: When will those factories reopen?
Source Fool.com
