Street Not Impressed With General Motors Q4 Report

General Motors Company GM shares are trading lower by $1.25 at $28.40 in Wednesday's session. Despite a Q4 beat for EPS of $0.18 with slightly better revenues, the issue is under selling pressure. After a higher open, it found resistance just above Tuesday's high $30.19, reaching $30.25 before reversing course. The ensuing decline has surpassed its former low for the move ($28.32), reaching $28.12 before staging a rebound. It is now poised to post its lowest close since April 15, 2013, when it ended the session at $27.52.