General Motors Pummeled

General Motors GM shares are trading lower by $1.41 at $31.02 in Wednesday's session. There is no specific news to account for the sharp decline and is simply under the wrath of the decline in the broad market. The issue is trading lower for the eight day in a row, Over that time period, it has fallen from its December 23 close ($34.78) to its current level. It is now trading at its lowest level since it bottomed on October 2 at $30.12. It has not closed below $31 since October 1, when it ended the session at $30.67