GM is trading at $81.32 (-3.47%) as the stock faces downward pressure alongside a slightly lower market open and broader weakness in the automotive sector.
- The decline follows a 25% plunge in Stellantis shares after the rival automaker scrapped its dividend and announced EV production cuts.
- Major indices are currently down 0.13-0.21%, contributing to the slide despite a lack of company-specific news for General Motors on February 9.
- Technical forecasts remain mixed, with some analysts watching for a potential recovery if the stock can hold above the $83.65 support level.