General Motors' Shares Slide on a Sales Slump, Dividend Fears
Shares of General Motors (NYSE: GM) were falling on Thursday, after the company reported a decline in first-quarter U.S. sales, and investors grappled with the growing possibility that GM will suspend its dividend.
As of 3 p.m. EDT today, shares were down about 6.5% from Wednesday's closing price.
GM released its U.S. sales results on Wednesday, and they were about as expected. It said that sales fell 7% in the first quarter, after a solid start to the year was disrupted by COVID-19 in March.
Source Fool.com
