With shares of GM slipping under $30, there's an interesting, and potentially troubling question, for GM and it's investors. How much further will the stock drop?
Reports that the U.S. Treasury plans to sell another sizable chunk of GM this summer clearly adds to the pressure on the stock today.
This comes off of persistent questions about how much GM sales will suffer as the company pulls back on hefty incentives used to goose business in January and February.
Add in the concern consumer confidence is flagging a bit, and you see why many investors are hesitant about GM shares right now.