Cars and Drivers
GM (GM) Hits 52-Week Low: Ford (F) Heads Toward Penny Stock Land
Published:
Last Updated:
If stock market sentiment is any indication of whether The Big Three will get federal bailout loans before they run into solvency problems, then the world looks terribly grim.
GM (GM) made a new 52-week low at $2.60, down 13% for the day, compared with its period price of $43 in October 2007.
Ford (F) is trading off to its 52-week low at $1.47, down 11%, compared to a high of over $9 last October. Odds are fairly reasonable that Ford will trade below $1 before the end of the year.
At this point, there is no chance that the current Congress will get this done before leaving DC.
Douglas A. McIntyre
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
