General Motors Co (NYSE:GM) shares are trading marginally lower by around 0.5% to $32.80 during Monday’s session. Shares of automakers, including GM, have been volatile in recent sessions amid United Auto Workers (UAW) talks.
Strikes create uncertainty in the market, which can make investors nervous. Investors may fear that a prolonged strike could have a more significant and lasting impact on the company’s financial health, leading to a decline in the stock price as they sell off their shares.
What’s Going On With The UAW?
As the U.S. auto industry and broader economy recover from the pandemic and semiconductor shortages, a potential UAW strike could result in economic damage and higher inflation, Bloomberg reported.
A potential strike could also impact car model availability and prices, which had been gradually decreasing from record levels.
If the UAW goes through with its threat to strike all three companies, the impact could be much wider, affecting suppliers, workers and commodity prices, particularly steel…Read More
According to data from Benzinga Pro, GM has a 52-week high of $43.63 and a 52-week low of $31.10.
