Wheels Come Off General Motors

General Motors Company GM shares are trading lower by $1 at $34.22 in Thursday's session with no news on the issue at this time. The issue had some follow through on its Q3 beat,that was aided by ill-timed upgrades from Citi and JP Morgan. Eventually, the issue found willing sellers at the $36 area. In four consecutive sessions from October 21-26, the issue made a quad of highs from $35.79-$36.06. In today's session, it peaked off the open at $35.05 and is heading towards the $34 level. Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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