GM Shares Slide Nearly 8% After Buyback Announcement
General Motors reported higher profit and revenue and announced a $20 billion buyback plan. Its shares were down nearly 8% ahead of the bell.
By WSJ StaffGeneral Motors posted higher profit and revenue in its latest quarter and announced a mega $20 billion buyback plan to boost its stock price.But it seems the update left investors wanting more: Shares in the automaker are sliding almost 8% ahead of the bell.One possible source of disapp…