General Motors Company (NYSE:GM) is set to print its first-quarter financial results after the market close. The heavily beaten-down stock was trading 4% lower heading into the event and remains down over 40% from the Jan. 5 all-time high of $67.21.
When the legacy-turning-electric vehicle manufacturer printed its fourth-quarter results on Feb. 1, the stock was trading in a steep downtrend. The earnings release accelerated the move and although GM gapped up slightly the next day, the stock continued to plunge over the trading days that followed.
