Google shares fall below $400 for first time in two years

By Joshuah at 29 September, 2008, 1:44 pm

Now you KNOW that things are bad, when Google has a bad day…

Source: MarketWatch

Google Inc. saw its once high-flying share price fall under the $400 mark by midday Monday. This represents the lowest price for the stock since September of 2006, when the shares were still on a sharp upward climb following the company’s initial public offering two years before. The Web search giant’s stock peaked near the $750 mark in November of last year before a sharp sell-off in high tech stocks began to pressure the shares. By midday Monday, Google traded as low as $395.34, down 8% from its previous close, following a sharp sell-off in tech stocks as well as the broader market.

Categories : Economics


No comments yet.

Leave a comment