GM Stock Hits 3-Year Low Amid Ongoing Strikes and Massive Airbag Recall

GM's stock price has fallen 10% since UAW strikes began Sept. 15, hitting a 3-year low below $30/share amid strike and airbag recall issues.

Ongoing UAW strikes since Sept. 15 have coincided with GM stock decline from $33.66 to below $30.

Potential recall of 20M+ vehicles with defective airbags could further hurt GM stock and be costly.

NHTSA meeting held on defective airbag parts; automakers have until later this year to respond.

Last time GM stock went below $30/share during trading was October 2020, according to FactSet.